The public sector undertakings (PSUs) of Telangana executing irrigation and power projects have heaved a sigh of relief with the suggestion prevailing over the Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to resume disbursement of loans after a gap of nearly six months.
Ongoing works pertaining to 5×800 megawatt Yadadri Thermal Power Station (YTPS) and Kaleshwaram project were impacted since the disbursement of loans from the two corporations were stopped earlier this year following directions from the Ministry of Power (MoP) to borrowers, Telangana State Power Generation Corporation (TS-Genco) and Kaleshwaram Irrigation Project Corporation (KIPC) to enter into fresh tripartite agreement with the lenders and MoP for resumption of loan disbursement.
The two corporations had agreements already entered into with the Central financing PSUs and the projects are under execution. “As it is works on the ongoing projects have been impacted for over 18 months due to the COVID-19 pandemic-induced problems such as delay in the movement of material and machinery and shortage of labour due to return of workers to their native places”, a senior official said.
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