News

Sterlite Power Acquires Neemrana II Kotputli Transmission Limited from PFC

wirecableJanuary 18, 2024January 18, 2024

January 18, 2024January 18, 2024

Sterlite Power has recently announced the acquisition of Neemrana II Kotputli Transmission Limited from PFC Consulting Limited. Dec 28, 2023 Sterlite Power, a leading power transmission developer and solutions provider in India and Brazil, announced the acquisition of Neemrana II Kotputli Transmission Limited, a Special Purpose Vehicle (SPV) from PFC......

PFC Aims to Muster Rs. 60,000 Cr. In FY16

wirecableMay 28, 2015June 20, 2015

May 28, 2015June 20, 2015

PFC has healthy capitalization levels, diversified resource profile Apr 21, 2015 State-owned Power Finance Corporation (PFC) plans to raise up to Rs. 60,000 crore through short- and long-term borrowings in the current financial year to primarily meet the funding requirements of power sector units and projects. It disbursed approximately Rs.......

How will FDI in Power Exchanges help improve Power Supply & Distribution

wirecableOctober 27, 2012December 9, 2012

October 27, 2012December 9, 2012

September 29, 2012 The government recently permitted foreign investment up to 49% in power trading exchanges. This included a foreign direct investment component of 26%. The move is expected to strengthen power exchanges, en hance availability of electricity and improve its distribution. Here’s how: What are Power Exchanges? Power exchanges......

REC to invest USD 600 millon to set up 300-400 MW Hydro, Biomass capacity

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

28 Jun, 2011 Indian Lender Rural Electrification Corporation (REC) is getting into investing directly into the renewable energy space in India. Note REC along with PFC, IDFC is one of the biggest lenders to the Indian power sector which is expected to treble in capacity over the next decade. These......

PFC sanctions 7000 Crore to Karnataka power project

wirecableApril 19, 2011April 19, 2023

April 19, 2011April 19, 2023

Power Finance Corporation (PFC) has sanctioned Rs. 7,046 crore to fund a thermal power project to be set up by Raichur Power Corporation (RPCL) in Karnataka. RPCL is a joint venture(JV) company of PSU Bharat Heavy Electrical (BHEL) and Karnataka Power Corporation (KPCL), the state-owned power generating company. The jv......