SBI Sanctions ₹10,050 Crore Loan to Damodar Valley Corporation for Developing 1,600 Megawatt Ultra Super Critical Thermal Power Plant in Koderma.

Banking & Finance

State Bank of India (SBI) has approved a loan of ₹10,050 crore to the Damodar Valley Corporation (DVC) for the development of a 1,600 Megawatt Ultra Super Critical Thermal Power Plant (USCTPP) in Koderma, Jharkhand. This project aims to enhance the region's power generation capacity and improve energy supply reliability. The USCTPP will utilize advanced technology to ensure efficient and eco-friendly electricity production. The collaboration between SBI and DVC underscores the bank's commitment to supporting infrastructure projects that contribute to sustainable energy development and economic growth in the region.


      The project will create numerous job opportunities, boosting the local economy and supporting community development in Koderma.

      By adopting advanced technology, the plant aims to minimize environmental impact while meeting rising energy demands.

     

 

     


About SBI,

Chairman: Challa Sreenivasulu Setty
Headquarter : Mumbai
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