PFC
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
PGCIL infuses fresh equity in EESL, raises stake significantly
- Sep 16, 2021
Power Grid Corporation of India Ltd (PGCIL), in a stock exchange filing, said that it has made a fresh equity infusion in its joint venture Energy Efficiency Services Ltd (EESL). The filing said that PGCIL has infused equity worth Read more
PGCIL to increase equity stake in EESL, board approval in place
- Aug 12, 2021
The board of directors of Power Grid Corporation of India Ltd (PGCIL), in a meeting held on August 10, 2021, approved the infusion of fresh equity capital in its joint venture Energy Efficiency Services Ltd (EESL). In a stock Read more
New substation commissioned in UT of J&K under IPDS scheme
- Aug 5, 2021
A new power substation has been commissioned under the Centrally-sponsored Integrated Power Development Scheme (IPDS) in the UT of Jammu & Kashmir. In a release, IPDS nodal agency Power Finance Corporation said that the 33/11kV, 6.3MVA substation at Nonial Read more
9th Annual Survey of Discoms: Five out of 41 secure “A+” rating, Gujarat tops
- Jul 17, 2021
Five out of the 41 state government-owned power distribution companies have scored the best “A+” rating, as per the “9th Annual Integrated Rating of State Power Distribution Utilities”. This report, coordinated by Power Finance Corporation (PFC) with the participation Read more
PFC incorporates new subsidiary for power transmission project
- Jun 15, 2021
Power Finance Corporation (PFC) has incorporated a new step-down subsidiary that will act as a special purpose vehicle for a power transmission scheme to be developed under the TBCB regime. In a stock exchange communication, PFC said that its Read more
Adani, Torrent express interest in SEUPPTCL takeover
- Mar 30, 2021
The potential takeover of financially-ailing independent power transmission company South East UP Power Transmission Co Ltd (SEUPPTCL) has attracted expressions of interest from leading names like Adani Group and Torrent Power. SEUPPTCL is undergoing corporate insolvency resolution process under Read more
PFC, REC sign loan agreement for Bhutan hydropower project
- Mar 11, 2021
Power Finance Corporation Ltd. (PFC) along with REC Ltd signed a Memorandum of Understanding (MoU) with Kholongchhu Hydro Energy Ltd (KHEL) for extending a term loan of Rs.4,058 crore for the 600-mw hydropower project at Trashi Yangtse, Bhutan. The Read more