PFC extends loans for key Telangana projects

Power Finance Corporation to also lend Rs 12,500 cr for Kaleshwaram project

By Author  |  Published: 16th Mar 2019  12:35 amUpdated: 16th Mar 2019  1:10 am
PFC
Representational Image

Hyderabad: In a major development, Power Finance Corporation (PFC) agreed in principle to extend a loan assistance of Rs 18,000 crore for the Palamuru-Ranga Reddy Lift Irrigation Scheme (PRRLIS).

PFC also came forward to extend a loan assistance of Rs 12,500 crore for the completion of works on the power component of the Kaleshwaram Lift Irrigation Scheme (KLIS). PFC Chairman Rajeev Sharma gave his consent for funding the two irrigation projects that are high on the agenda of Telangana following talks with a team of State officials led by Chief Secretary SK Joshi in New Delhi on Friday. TS Genco and Transco CMD D Prabhakar Rao and
Chief Engineer of the Kaleshwaram project B Hariram were also part of the team.

PFC assured the team that loan assistance assured for the Kaleshwaram project, which is nearing completion, would be released soon. PFC sanctioned Rs 7,785-crore term loan for the pump houses and generators being installed as part of package 1 and 2 of the Kaleshwaram irrigation project. It enhanced the scale of finances as some additional works were posed for assistance of the Corporation.

The project envisages irrigation facilities for an ayacut of 37 lakh acres in drought-prone areas in the State. Besides, the project was planned to provide 10 tmc of drinking water to villages, 30 tmc to the twin cities of Hyderabad and Secunderabad in addition to 16 tmc for industrial use.

Pump houses to be commissioned at Annaram and Sundilla barrages

Hyderabad: The commissioning of two more pump houses at Annaram and Sundilla barrages of the Kaleshwaram Lift Irrigation Projects have been scheduled for April.

Engineer-in-Chief of the project, N Venkateswarlu said that as part of the preparatory works, the transformers providing power supply to the pump houses were charged on Friday.

The pump house  of the Medigadda barrage was  commissioned in February last.  He explained that as many as 28 pumps would be put into operation to lift water at the three barrages.

The first pump house has 11 pumps.  The second pump house has eight pumps.  Nine pumps will come into operation with the  commissioning of the third pump house, he added.