NHPC Signs MoU With PFC to Fund Hydro Projects, Acquisition of Stressed Projects – EQ Mag Pro
The signing of the MoU will further bolster the long-standing association between PFC and NHPC and will herald a transformational opportunity between the two organizations, an official statement said
Hydropower producer NHPC Limited has signed a memorandum of understanding with Power Finance Corporation (PFC) on Tuesday.
The agreement is for funding hydroelectric projects by NHPC. PFC will also lend funds for acquisition of stressed assets.
“The signing of the MoU will further bolster the long-standing association between PFC and NHPC and will herald a transformational opportunity between the two organizations. The association will also serve to facilitate knowledge and technology transfer, contributing to sustainable development initiatives in the country, ” an official statement said
Subir Saha, Executive Director, Projects- SR, ER&NER, CSP&C, signed the MoU on behalf of PFC while VK Maini, Executive Director, Strategy, BD and Consultancy, signed on behalf of NHPC. The MoU was signed in the presence of PK Singh, DirectorCommercial and Additional Charge-Projects, PFC; RR Jha, ED-In-charge-Projects; Manoj Sharma, ED-L&D; Praveen Verma, SGM-L&D; and Nitin Kumar, GM-Central Sector Unit, PFC.
Source : reuters
