Tags: PFC

PFC, REC signs MoU with KHEL for 600 MW Hydro Electric Project in Bhutan

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.4058 Crore for 600 MW Hydro Electric Project at Trashi Yangtse, Bhutan. The project is proposed to be funded in a debt-equity ratio of 70:30 and the Term […]

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PFC installs standalone solar rooftop system at ASHA School

Government-owned Power Finance Corporation (PFC) has installed a standalone solar rooftop system at ASHA School, run by Indian Army Wives Welfare Association in Delhi Cantonment. The installation has been carried out as part of PFC’s CSR initiative. Ravinder Singh Dhillon Chairman and Managing Director, PFC along with Lt.  General R K Anand inaugurated the stand alone […]

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PFC signs MoA with IIT- Kanpur for Training, Research, and Entrepreneurship in Smart Grid

Government-owned Power Finance Corporation (PFC), India’s leading NBFC, signed a MoA with Indian Institute of Technology- Kanpur (IIT-K) for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupees Two Crore Thirty Eight Lakhs and Ninety Seven Thousand only) to IIT-K under its CSR […]

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PFC, REC likely to restrict funding to projects based on Chinese equipment

The government’s economic response against China may see public sector financiers restricting funding of projects that ise equipment from the neighbouring country, sources said on Monday. The practice would first be adopted in the power sector, where state-owned Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and Indian Renewable Energy Development Agency (IREDA) propose to […]

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PFC to fund hydroelectric and projects worth Rs 22K cr in Madhya Pradesh

Power Finance Corporation (PFC) on Tuesday said it will fund 225 MW hydroelectric and other multiple purpose projects worth Rs 22,000 crore in Madhya Pradesh. The company in a statement said “PFC today entered into an agreement with Narmada Basin Projects Company Ltd (NBPCL), a wholly-owned company of Govt of Madhya Pradesh, to fund projects […]

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Coronavirus Crisis: Power Finance Corporation contributes Rs 200 crore to “PM CARES Fund”

Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has pledged to contribute Rs 200 crore to the “Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund” (PM-CARES Fund) to support the battle against COVID-19. Furthermore, PFC’s employees will voluntarily contribute a day’s salary to ‘PM-CARES Fund’ to further strengthen the […]

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