REC provides single largest ever loan to NTPC-Bihar SEB venture
Rural Electrification Corporation (REC) advanced its largest ever loan to JV of NTPC and Bihar State Electricity Board's power project.
Government may discontinue tax-free infra bonds
The finance ministry was contemplating to discontinue issuing of tax-free bonds designed to encourage long-term investments in the infrastructure sector. The interest earned on such bonds by an investor is exempt from income tax. In Budget 2012-13, the government had discontinued tax-saving bonds, in which the invested amount (up to Rs 20,000) was allowed for deduction from the total tax...
PFCL begins feasibility studies for 2nd UMPP in Jharkhand
The nodal agency for ultra mega power projects (UMPP) in the country, Power Finance Corporation Ltd (PFCL) said that it has initiated preliminary studies to assess the feasibility for setting up of a second 4,000 Mw UMPP in Husainabad, Jharkhand.
Govt likely to resume held-up privatisation programme next month
The government is likely to take up its stalled privatisation programme again next month by selling stakes in BHEL and SAIL, as well as launching an initial public offering (IPO) from Rashtriya Ispat Nigam Limiteds (RINL).
Power Finance arm eyes partner for consultancy services
PFC Consulting Ltd (PFCCL), a wholly owned subsidiary of the public sector company, Power Finance Corporation, is seeking a partner to provide consultancy in project and design engineering and project management of thermal power plants.
Odisha urges PFC to get DRDO nod for UMPP in Bhadrak
The Odisha energy department has urged the Power Finance Corporation (PFC) to obtain no objection certificate from the Defence Research & Development Organization (DRDO) for setting up the coastal Ultra Mega Power Plant (UMPP) at Bijayapatna under Chandbali tehsil in Bhadrak district.
Old power projects to be renovated in Uttarakhand to meet crisis
Old power projects of Uttarakhand would be strengthened to increase their capacity under Renovation, Modernisation and Upgradation (RMU) programme.
Power Finance Corp to take a call on funding projects abroad in a month
Infrastructure finance company, Power Finance Corporation Ltd (PFC), on Thursday said that it will decide on funding overseas energy assets, in a month. The company has completed its internal preliminary study on foraying into the new business portfolio.
Coastal UMPP may come up in Dhamra
Power Finance Corporation (PFC), the nodal agency for execution of Ultra Mega Power Projects (UMPPs) has suggested Dhamara in north Odisha's Bhadrak district as the potential site for establishment of coastal UMPP in the state, reports agency.
Power Finance Corp to raise $250 mn via ECBs
Infrastructure finance company, Power Finance Corporation Ltd (PFC), on Tuesday said that it will raise $250 million through external commercial borrowing (ECB).
PFC posts 35% growth in Q4 net
Infrastructure finance company, Power Finance Corporation (PFC) has registered net profit of Rs 818 crore, 35% increase for the quarter ended March 2012.
Power Finance Corp turns strict on loan disbursals
Easing the problems faced by the power sector, the state-run lender, Power Finance Corporation (PFC) has set strict pre-conditions for loan disbursals. The move would reduce PFC’s risk on loans that were already sanctioned, reports Economic Times.
Set up SPV under each ministry to speed up infrastructure projects: PMO proposes
The Prime Ministers' Office has found the way to speed up development of infrastructure projects. It has asked ministries to examine a proposal to set up special purpose vehicle (SPV) that would acquire all the necessary licences and approvals for a project before bids are invited from investors.
PFC forms SPV for 4,000 MW UMPP in Jharkhand
Power Finance Corporation (PFC), on Friday announced that it has formed a special purpose vehicle (SPV), Deoghar Mega Power Ltd to develop a 4,000 MW ultra mega power project (UMPP) in Jharkhand, agency reported.
Power min to introduce short-term power purchase norms next month
The Power Ministry is looking forward to introduce competitive bidding guidelines for short-term procurements of electricity next month, in order to bring in more transparency, agency reported.