Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation Ltd. (PFC), has raised $500 million on January 29 through issuance of dollar denominated Bonds with a fixed maturity of May 16, 2031. New Delhi: Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation Ltd. (PFC), has raised $500 million on January 29 through issuance of […]
PFC Rs 5K cr bonds issue over-subscribed, closed 11 days ahead of schedule
Power Finance Corporation (PFC) has planned to raise Rs 10,000 crore through bonds in two tranches. State-run Power Finance Corporation’s Rs 5,000 crore taxable non-convertible debentures (NCDs) issue was subscribed close to nine times on Monday and closed for subscription 11 days ahead of the schedule, according to the BSE data. Power Finance Corporation (PFC) […]
PFC to raise Rs 10,000 cr through bonds issue; 1st tranche to open Jan 15
New Delhi: Power Finance Corporation Ltd (PFC), the nation’s biggest lender to the power sector, will raise Rs 10,000 crore through bonds in two tranches. The first tranche of Rs 5,000 crore will open for subscription on January 15 and close on January 29, according to the company’s prospectus. PFC had previously sold tax-free infrastructure […]
APP alleges TANGEDCO demanding heavy discounts from IPPs, seeks power min’s intervention
The APP in its letter to the minister also said that the state-run non-banking firms PFC and REC should be directed to release funds for payment of bills of IPPs, central generating stations and renewable energy projects together. New Delhi: The Association of Power Producers (APP) has written to Union Power Minister R K Singh, […]
Loans worth Rs 1.18 lakh crore sanctioned under discom liquidity package
In May, Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. New Delhi: Loans worth Rs 1.18 lakh crore have been sanctioned so far by state-run non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power […]
PFC and JKPCL signs and exchanges an agreement for Liquidity Infusion Scheme
PFC and JKPCL signs and exchanges an agreement for Liquidity Infusion Scheme under “Aatmanirbhar Bharat Abhiyaan” for the Jammu and Kashmir Union Territory PFC sanctions Rs 2790 crore to JKPCL to clear outstanding dues Government-owned Power Finance Corporation Ltd (PFC), India’s leading NBFC, has sanctioned Rs 2790 crore to Jammu Kashmir Power Corporation ltd (JKPCL) […]
PFC offers funding facility to discoms for timely payments of outstanding dues
In May, the government announced a Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from PFC and REC. State-owned Power Finance Corporation has introduced a facility for electricity distribution companies (discoms) to avail funds for paying their dues to power generation companies (gencos), a move that […]
Discoms’ outstanding dues to power gencos rise 37 percent to Rs 1.33 lakh crore in August
In August 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,20,439 crore, as against Rs 78,646 crore in the year-ago period. NEW DELHI: Power producers’ total dues owed by distribution firms rose over 37 per cent year-on-year to Rs 1.33 lakh […]
PFC signs MoU with Govt. of India detailing targets for FY 2020-21
Power Finance Corporation Ltd (PFC) has signed a performance-based ‘Memorandum of Understanding’ (MoU) with Ministry of Power, Govt. of India detailing various targets to be achieved by PFC during FY 2020-21. The MoU has been signed by Shri SanjivNandanSahai, Secretary (Power), Govt. of India and Shri R.S. Dhillon, CMD, PFC in presence of senior […]
Government of Andhra Pradesh Approves ₹900 Cr. to Pay NTPC Towards Letter of Credit
Government of Andhra Pradesh Approves ₹900 Cr. to Pay NTPC Towards Letter of Credit Power Subsidy – FY-2020- 21 – Payment Security Mechanism – Central Generating Station M/s.NTPC Ltd., – Sanction of an amount of Rs.900.00 Cr/- from Nov-2019 to Jan-2020 – Orders – Issued. For more information please see below link:
