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PFC to provide funds to power utilities

Tuesday, 27 Feb 2018
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The Power Finance Corporation (PFC) will provide financial assistance of Rs 50,200 crore to Uttar Pradesh power utilities for executing generation, transmission and distribution projects.

PFC entered memoranda of understanding (MoUs) with Uttar Pradesh Rajya Vidyut Utpadan Nigam, Uttar Pradesh Power Corporation, UP Power Transmission Corporation for providing financial assistance for upcoming greenfield and extension thermal generation projects.

The greenfield projects will be developed at Jawaharpur, Panki, Harduagunj, Anpara, Obra, etc, development of coal mines and for the government of India-sponsored schemes such as IPDS, Saubhagya, DDUGJY, etc and for strengthening transmission and distribution network in the state.

The MoUs were executed on the sidelines of ‘UP Powering New India Investor Summit 2018’ for a period of next four years.

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