Today news
About the same in other media
SJVN & PFC in pact to finance projects worth Rs 1.19 lakh crore
Reading now: 902
Power Finance Corporation Ltd (PFC) and SJVN Ltd have signed a memorandum of understanding for financing renewable and thermal energy projects worth ₹1,18,826 crore having a total capacity of 12,178 MW.
PFC will fund around 67-76% of the project tentatively, the state-owned company said on Wednesday. «PFC's financial support in the form of term loan is tentatively proposed to range from ₹80,000 crore to ₹90,000 crore, demonstrating a substantial commitment to the realisation of these vital projects,» it said.
The renewable energy ventures would include solar, hydro, and pumped storage projects.
The funds may be increased later to accommodate the specific requirements of the projects, the company said.
About this in other media
Centre sticks to target, to borrow Rs 6.55 lakh crore in H2 economictimes.indiatimes.com /1 year ago
HDFC Bank erases market cap of ₹1 lakh crore in last 4 sessions, shares down 2%; what lies ahead? livemint.com /1 year ago
Market closing bell: Nifty 50 ends below 19,750, Sensex falls over 550 points, investors lose nearly ₹3 lakh crore livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
