PFC
Liquidity scheme for discoms gaining momentum, says report
- Oct 30, 2020
With sanctions totalling Rs.1.14 trillion and application for a further Rs.157 billion (under UDAY limit relaxation) by Chhattisgarh, Jharkhand and Uttar Pradesh, the total applications under the PFC/REC Aatmanirbhar Scheme to infuse liquidity into discoms touch Rs.1.3 trillion, Read more
Sterlite Power achieves financial closure for Vapi-North Lakhimpur Project
- Oct 21, 2020
Sterlite Power has achieved financial closure for its Vapi II North Lakhimpur Transmission Ltd (VNLTL) project, the company said in a release. The financial closure was achieved with Sterlite Power securing the debt funding of Rs.2070 crore from PFC Read more
Power ministry advises cap on late payment surcharge
- Aug 25, 2020
The power ministry has proposed to cap the late payment surcharge payable by discoms to 12 per cent per year. In order to alleviate the financial stress in the power system, all power generation and transmission companies have been Read more
PFC signs agreement with IIT-Kanpur for Smart Grid technology
- Jul 30, 2020
Power Finance Corporation (PFC), a government-owned NBFC, has signed a memorandum of agreement MoA with Indian Institute of Technology- Kanpur (IIT-K) for training, research, and entrepreneurship development in smart grid technology. Under the MoA, PFC Read more
PFC registers strong performance in FY20
- Jun 26, 2020
Power Finance Corporation ended FY20 on a strong note despite numerous challenges including outbreak of COVID 19. The lending institution recorded loan sanctions of more than Rs. 1 lakh crore and loan disbursements of about Rs.68,000 crore in FY20. The Read more
Share of power T&D inches up in PFC’s loan book
- May 29, 2019
The share of power transmission and distribution (T&D) projects in the overall loan book of Power Finance Corporation Ltd (PFC) has risen to 28 per cent as of March 31, 2019 from 24 per cent as of March Read more
REC acquisition will boost PFC’s power T&D portfolio
- Feb 18, 2019
The acquisition of Rural Electrification Corporation (REC) by Power Finance Corporation (PFC) will boost the latter’s power T&D portfolio, according to Rajeev Sharma, CMD, Power Finance Corporation Ltd. Sharma was addressing a media conference in Mumbai on the Read more
Medium term PPA scheme should be enhanced: PFC
- Jun 14, 2018
There is scope to enhance the magnitude of the “Medium Term PPA Scheme” recently announced by the Union power ministry, according to Rajeev Sharma, Chairman & Managing Director, Power Finance Corporation Ltd. He was addressing the media at Read more
UP government set to take over SEUPPTCL
- Jun 14, 2018
The Uttar Pradesh government is set to take over the private transmission utility South East UP Power Transmission Company Ltd (SEUPPTCL) that operates a 765kV transmission utility in the northern state. Speaking to the media at a recent press Read more