PFC
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
PFC dollar-denominated bond issue oversubscribed 5.1 times
- Feb 2, 2021
Power Finance Corporation Ltd (PFC) has successfully raised $500 million through a recent issue of US Dollar-denominated bonds. The bonds under the “Reg S” route with a fixed maturity date of May 16, 2031, were issued on January 29, Read more
PFC to raise Rs.5,000 crore through public issue of NCDs
- Jan 14, 2021
Power Finance Corporation Ltd (PFC), one of the leading financial institutions in India focused on the power sector, will open its Rs 5,000 crores public issue of secured, redeemable non-convertible debentures (NCD) on January 15, 2021. The base Issue Read more
SJVNL attains financial closure for Buxar thermal project
- Nov 28, 2020
SJVN Ltd, in a stock exchange filing, had said that its Buxar thermal power project in Bihar has reached financial closure. The 1,320-mw Buxar thermal power project is being implemented by SJVN Thermal Pvt Ltd, a swholly-owned ubsidiary of Read more
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