The Power Finance Corporation (PFC) has sanctioned financial assistance of Rs 13.5 billion to Bihar Grid Company Limited. The financial assistance will be used for the construction of 16 units of 400 kV, 220 kV and 132 kV transmission lines, four units of associated substations and seven units of line bay extension works in Bihar. The project is estimated to cost Rs 16.88 billion and is proposed to be funded in a debt-equity ratio of 4:1, wherein the entire debt component will be funded by PFC. The project is expected to be commissioned by July 2021.
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