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DVC Secures Financial Closure for Hydel Renovation & Modernization Projects

Damodar Valley Corporation (DVC) has successfully secured financial closure for two of its key Renovation & Modernization (R&M) hydropower projects. This milestone signifies DVC’s commitment to upgrading its hydropower infrastructure for enhanced efficiency and sustainability.

Project Details

• Panchet Hydel Unit-I (40 MW): The project, aimed at renovation, modernization, and upgradation, is being executed at a cost of Rs 106.90 crore.
• Maithon Hydel Units 1 & 3: This R&M initiative is being undertaken at a cost of Rs 85.86 crore to improve operational efficiency.

A significant highlight of this development is the first-ever collaboration between DVC and the Housing and Urban Development Corporation Ltd. (HUDCO), which has extended financial support through loan agreements.

This initiative aligns with DVC’s long-term vision of strengthening renewable energy capacity, ensuring improved hydropower generation, and contributing to a greener energy landscape.