PFC
India’s Strategic Vision for Power Transmission
- Nov 25, 2024
The significant transformation currently being witnessed in the power transmission sector is crucial to meet the increasing energy needs of the country, which is one of the fastest-growing economies in the world, note Rohin Agarwal and Aditya Jain. [caption Read more
CERC adopts tariff for Solapur ISTS project
- Jun 4, 2024
Central Electricity Regulatory Commission (CERC) has adopted the transmission charges (tariff) for the interstate transmission system (ISTS) scheme being developed by Solapur Transmission Ltd, a wholly-owned subsidiary of Torrent Power Ltd. In a recent order, CERC Read more
Sterlite Power secures funding for Neemrana-II Kotputli project
- May 30, 2024
Sterlite Power has announced that it has secured funding worth Rs.1,373 crore for its newly-acquired interstate transmission system (ISTS) project housed under “Neemrana II Kotputli Transmission Ltd.” In a release, Sterlite Power said that it has Read more
Power distribution and renewable energy to dominate PFC’s lending portfolio
- May 15, 2024
The power distribution sector as well as renewable energy are set to dominate the lending portfolio of Power Finance Corporation (PFC) during FY25. Addressing a media conference in Mumbai on May 15, 2024, Ms Parminder Chopra, Read more
PFC’s cumulative disbursements under LPS cross Rs.33,000 crore
- Feb 17, 2024
PFC’s cumulative disbursements to state power distribution companies (discoms) under the Late Payment Surcharge (LPS) scheme have crossed Rs.33,000 crore, as of December 31, 2023. Cumulative disbursements under LPS touched Rs.33,312 crore, according to Ms Parminder Chopra, CMD, PFC Read more
Power distribution and RE dominate PFC’s loan book
- Nov 15, 2023
The loan book of Power Finance Corporation (PFC) in FY24 has been dominated by power distribution and renewable energy. According to information available from a recent investor conference, PFC’s loan book, as of September 30, 2023, stood at around Read more
Serentica Renewables achieves financial closure for Karnataka project with PFC funding
- Sep 14, 2023
Serentica Renewables announced that it has achieved financial closure for its upcoming hybrid renewable energy projects in Karnataka, through debt funding from Power Finance Corporation Ltd (PFC). In a release, Serentica said that it has secured the entire debt Read more
Parminder Chopra assumes charge as CMD, Power Finance Corporation
- Aug 17, 2023
Ms Parminder Chopra has assumed charge as Chairman & Managing Director of Power Finance Corporation Ltd (PFC), effective August 14, 2023. In a stock exchange communication, PFC said that the Union power Read more
Apraava Energy signs MoUs with REC and PFC for project funding
- Aug 7, 2023
Apraava Energy has signed MoUs with REC and PFC for financial assistance worth over Rs.9,000 crore. In a release, Apraava Energy said that this financial assistance, worth Rs.9,120 crore (around $1.1 billion) will be used develop Apraava’s wind, transmission Read more
All four Gujarat state discoms score “A+” in power ministry’s integrated ranking
- Apr 11, 2023
All four state government-owned distribution companies in Gujarat have earned the highest “A+” rating, and have all featured in the list of top 10 discoms in India, as per the “11th Annual Integrated Rating & Ranking of Power Read more