The super critical project is being implemented by the joint venture company formed by Karnataka Power Corporation Limited and Bharat Heavy Electricals Limited.
The project cost is estimated at Rs 9,015 crore with a debt portion of Rs 7,212 crore and equity portion of Rs 1,803 crore.
Commercial banks
The Power Finance Corporation Limited has sanctioned rupee term loan for Rs 5,500 crore.
The balance amount will be sanctioned by commercial banks. The project is expected to be commissioned during the year 2014-15.
Published 21 July 2011, 18:11 IST