Home Tag "PFC"

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 […]

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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:

Case of MSEDCL for approval of tender document for power procurement from fossil fuel based captive co-generation plant.

Smt. Parminder Chopra takes charge as Director (Finance), PFC

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 […]

NHPC hosts 44th Annual General Meeting

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. […]

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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) […]

NHPC hosts 44th Annual General Meeting

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 […]

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