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UTTAR PRADESH PFC
PFC to finance 350 electric buses in Uttar PradeshThe agreement was signed with GreenCell Mobility, which is an e-mobility platform supported by Governments of India and United Kingdom to b...- Discoms' overdues fall to Rs 74,000 crore in March after release of second tranche of liquidity packageIn May 2020, the government announced Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economi...
- Discoms liquidity infusion: Tamil Nadu tops chart of states with Rs 30,000 crore sanctioned loanThe southern state is followed by Uttar Pradesh and Maharashtra, with their state discoms being sanctioned loans of Rs 20,940 crore and Rs ...
- Centre disagrees with UP's e-bidding plan among IPPs for rebate on power duesUP additional chief secretary Arvind Kumar recently wrote to Union Power Minister R K Singh and Union Power Secretary Sanjiv Sahai seeking ...
- Offer rebates to get faster payments: UP to private power plantsThe payments are being done through loans being provided by Power Finance Corp and REC Ltd under the Centre's Rs 90,000 crore liquidity inf...
- Uttar Pradesh seeks Rs 20,940 crore loan to clear power billsThis is the largest loan application made so far by any state distribution company under the scheme. Tamil Nadu has asked the Centre to rel...
- Discoms keen on Rs 93,000 crore Atmanirbhar Bharat package loansRequests have come from states such as Tamil Nadu, Andhra Pradesh, Telengana, and Maharashtra whose discoms have high payables to power pla...
- Punjab, UP, Rajasthan, evince interest in taking loans to pay gencos: New PFC CMDThe company needs to explore new areas of financing such as charging infrastructure and electric vehicles, renewable energy sources with su...
- PFC & REC to offer 10-year loans to state discoms at 9.5%A senior government official said that PFC and REC have fixed interest rates under the liquidity package at 8.75% for three-year loans, 9% ...
- PFC and REC may extend loans with stricter riders to state power discoms“The special loans by PFC and REC will have stricter performance norms like reducing commercial losses, bringing financial discipline, and ...
- PFC to lend Rs 50,200 crore to UP power utilitiesThe financial assistance will support the state in capacity addition of 4760 mw and in achievement of the objective of “Power for All” and ...
- PFC, REC, SBI consortium to lend Rs 11,067 cr to NLC power plant in UPThe project is expected to be commissioned by November 2021 and generate about 13969 million units of energy to meet future power requireme...
- Rs 3,600 crore PFC loan to 4 UP discoms for new connectionsPFC plans to expand into refinancing business and launch special short-tenure loans for power transmission projects won through competitive...
- PFC head says discoms bond issue under Uday easing liquidity, not hurting profitRajasthan issues bonds worth Rs 28,455 crore under Uday scheme to 26 banks at an interest rate of 8.39%. Uttar Pradesh has raised around Rs...
- Government proposes loan swap for discomsCentre has asked state governments to issue bonds for raising funds at 8.5-9 per cent and help the power firms swap their high-cost loans.
- Power Finance Corporation invites initial bids for Odisha, Tamil Nadu ultra mega power projectsPower Finance Corporation invited preliminary bids for setting up an ultra mega power project each in Odisha & Tamil Nadu.
- Chairmen of all corporations and boards of BSP regime removed in UP"All the Chairmen of corporations and boards have been removed by the government. The new appointments would be made soon," Rajendra Chowdh...
- PFC hopeful of over 20% loan growth despite sector woesPFC is hopeful of posting a loan growth of over 20 percent in the current fiscal despite the regulatory concerns relating to the energy sec...
- RPTL bags two power transmission projects worth Rs 4,100 crReliance Power Transmission Limited, a subsidiary of Reliance Infrastructure, is believed to have bagged two transmission projects worth Rs...
- PFC Consulting to form JV with an international firm soonPFC Consulting will form a joint venture with an international company next month to provide technical expertise to power utilities.
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