Government-owned Power Finance Corporation (PFC), India’s leading NBFC, today announced the appointment of SmtParminder Chopra as Director (Finance) of the company. She succeeds Shri N.B. Gupta, who superannuated on June 30 2020. Smt. Chopra was working as Executive Director (Finance) at Power Finance Corporation (PFC) before assuming charge as Director (Finance), PFC.With over 32 years […]
PFC in talks with bankers for $750 million overseas bond issue
PFC had raised over $2 billion through similar overseas offerings in the previous fiscal year. Its last offering of $750 million was in January and attracted bids for four times the bonds on offer New Delhi: Power Finance Corporation (PFC) is in discussions with bankers to raise up to $750 million through an overseas bond […]
PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore
PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in Madhya Pradesh Power Finance Corporation (PFC), the central PSU under Ministry of Power and India’s leading NBFC, today entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. […]
Discoms to get loans at cheaper rate to pay dues to Gencos: Minister
“PFC and REC provide loan to distribution and generation sector with a spread of 2.5 to 3 per cent. Under the present scheme, they have agreed to take lower 1.5 per cent spread that will lower the interest rate,” he said New Delhi: Financially stressed discoms will be offered loans at cheaper rates of 8.5 […]
Govt-owned PFC accumulates NPAs of Rs 47,454 cr: IEEFA
Author and energy finance analyst Kashish Shah said the PFC and the REC have lent extensively to coal-fired power projects, with Rs 343,746 crore ($49bn), or 54 per cent of their total loan book, exposed to thermal power New Delhi: Government-owned Power Finance Corporation (PFC) has accumulated non-performing assets (NPAs) totalling Rs 47,454 crore ($6.8bn) […]
Renewable is as good as an IT industry for India
Renewable is as good as an IT industry for India: Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power Renewables He added that India is not taking advantage of it at the current level Ashish Khanna in a recently-held media video round-table by Tata Power Solar spoke to journalists about the company’s future plans, the […]
Discoms to suffer Rs 30K cr revenue loss, face Rs 50K cr liquidity crunch due to lockdown: CII
According to the report, power sector, one of the essential services under the lockdown till May 3, is battling the twin issues of demand and liquidity compression New Delhi: Industry body CII on Friday said discoms are likely to suffer a net revenue loss of around Rs 30,000 crore and liquidity crunch of about Rs […]
Power Finance Corporation contributes Rs 200 crore under CSR to “PM CARES Fund” in fight against COVID-19
Power Finance Corporation Ltd (PFC), leading NBFC and the central PSU under Ministry of Power , 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. The amount would be part of Rs 925 Cr.which is committed collectively […]
IFB FOR SETTLEMENT OF LEASE OBLIGATIONS/OUTSTANDING DEBT OF RS INDIA WIND ENERGY PVT LTD
INVITATION OF BIDS FOR SETTLEMENT OF LEASE OBLIGATIONS/OUTSTANDING DEBT OF RS INDIA WIND ENERGY PRIVATE LIMITED TOWARDS POWER FINANCE CORPORATION LIMITED (PFC) For more information please see below link: For Further Information Please Contact : Name : RICHIE GIFTSON PAUL Designation : CHIEF MANAGER Phone Office : 01123456549, 01123456120 Fax No : 01123456549 Email […]
Now RE developers’ letter of comfort from PFC, REC, IREDA at par with bank guarantee
Developers need bank guarantees for placing bids for clean energy projects offered by nodal agencies like Solar Energy Corporation of India (SECI) and state-run power giant NTPC. New Delhi: To improve business environment for clean energy projects and attract investments, the government has decided to treat letter of comfort (undertaking) issued by state-run shadow banking […]