PFC
Centre rejects proposal of REC takeover by PGCIL
- Sep 27, 2022
The Union Government has rejected the proposal of REC’s takeover by Power Grid Corporation of India Ltd (PGCIL), according to reliable media reports. The Union power ministry held at meeting on September 26, 2022, to discuss the proposal and Read more
Ladakh to get projects worth Rs.1,172 crore under RDSS
- Aug 2, 2022
The Union Territory of Ladakh is set to get projects worth Rs.1,172 crore under the Revamped Distribution Sector Scheme (RDSS), reliable media reports suggest. Of the Rs.1,172.12 crore worth of projects, around Rs.144.60 crore has been proposed for loss Read more
PFC conferred with “Green Urja Energy Efficiency Award”
- Apr 19, 2022
PFC has been conferred with “Green Urja Energy Efficiency Award” under the Elets Innovation Award for being the Best Renewable Energy Financing Institution this year at the Aatmanirbhar Bharat Summit organised by Elets. The award was presented by U.P. Read more
PFC, REC further slash lending rates across all loans
- Jan 19, 2022
Power Finance Corporation (PFC) as well as REC Ltd have further reduced their lending rates, across all types of loans. An official release noted that PFC and REC have reduced their lending rates by 40 bps (0.4 percentage points) Read more
GIS substation inaugurated in Jaipur, under IPDS
- Nov 1, 2021
State power discom Jaipur Vidyut Vitran Nigam Ltd (JVVNL) recently commissioned a GIS substation at Jaipur, making it the first GIS substation in Rajasthan. The 33/11kV GIS (gas insulated switchgear) substation was commissioned under the Centrally-sponsored Integrated Power Development Read more
Power Finance Corporation: Jha takes charge as Director (Projects)
- Oct 28, 2021
Power Finance Corporation Ltd (PFC) has announced the appointment of Rajiv Ranjan Jha as the company’s Director (Projects). A release by PFC said that Jha was earlier working as Executive Director (Projects) in PFC before his elevation to the Read more
EESL appoints Arun Kumar Mishra as CEO
- Oct 13, 2021
Energy Efficiency Services Ltd has announced the appointment of Arun Kumar Mishra as Chief Executive Officer (CEO) on deputation. He will be responsible for EESL’s operations across the nation. Mishra is a Read more
GIS substation and RT-DAS control system inaugurated in Dehradun
- Oct 5, 2021
A GIS substation and RT-DAS control system, as part of the Integrated Power Development Scheme (IPDS), was recently inaugurated at Dehradun in Uttarakhand. According to a release by Power Finance Corporation, the nodal agency for IPDS, the inauguration was Read more
AT&C losses of discoms improve to 20.93 pc in FY20: PFC Study
- Sep 28, 2021
The aggregate technical and commercial (AT&C) losses of power distribution utilities improved year-on-year to stand at 20.93 per cent in FY20, according to a recently-released report by Power Finance Corporation. The “Report on Performance of Power Utilities: 2019-20” newly Read more
AtmaNirbhar Package: PFC, REC lend Rs.85,000 crore to discoms, so far
- Sep 24, 2021
Power sector lending institutions Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have together disbursed around Rs.85,000 crore to discoms so far, under the AtmaNirbhar Package, a reliable media report said. In the second tranche, beginning January this Read more