Telangana State Power Generation Corporation is setting up a 4000 MW ultra mega power project at Damarcharla in Nalgonda district of Telangana in joint venture with BHEL. The proposed plant will have five units of 800 MW and two units are planned to be set up within three years. The funding requirement for the projects would be met with finance from REC ( 190000 million), PFC (150000 million), State Government equity ( 60000 million. As of May 2015, the MoU with BHEL has just been signed.
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