Power Finance Corporation

Kholongchhu Hydro Power Ltd (KHPL) has signed a Rs 4,829 crore term loan agreement with Power Finance Corporation (PFC) to fund the 600-megawatt Khorlochhu Hydropower Project in Bhutan.   KHPL is a joint venture with Druk Green Power Corporation Ltd (DGPC) holding 60 per cent and Tata Power Company Ltd holding 40 per cent. Located in the Trashiyangtse Dzongkhag region, the project has an estimated cost of about Rs 6,900 crore, including financing charges. Commissioning is…