PFC inks pack with NPCIL to provide financial assistance

NEW DELHI: State-run Power Finance Corporation on Thursday said it has signed an agreement with the Nuclear Power Corporation for providing financial assistance.

"The company has signed a Memorandum of Understanding (MoU) with Nuclear Power Corporation of India Limited ( NPCIL) for offering financial assistance to it for its new power projects as well as renovation, refurbishment arid life extension projects," the company said in a filing to the BSE.

Power Finance Corporation is a state-run company, which finances power projects in the country. Besides it is a nodal agency for implementing Ultra Mega Power Projects in the country.

NPCIL, the sole player in nuke segment in India, is setting up nuclear power generation projects in the country.