OPTCL, NABARD Ink Rs 1,685 Cr Deal to Boost Odisha Power Infra

• OPTCL and NABARD signed an MoU to boost power infrastructure in Odisha.
• NABARD extended a Rs 1,685.27 crore loan to OPTCL at a 7.75% interest rate.
• This is NABARD's first project financing to a State PSU in Odisha.
• Rs 900 crore will fund new transmission projects, with the rest used to swap high-cost loans.
• The collaboration aims to ensure reliable power supply and strengthen Odisha's economic growth.

Why It Matters: This boosts Odisha's power infrastructure, ensuring reliable supply and economic growth.