PFC
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
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