Rural Electrification Corporation (REC) advanced its largest ever loan to JV of NTPC and Bihar State Electricity Board's power project.
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...
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.
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).
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.
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 of Uttarakhand would be strengthened to increase their capacity under Renovation, Modernisation and Upgradation (RMU) programme.
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.
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.
Infrastructure finance company, Power Finance Corporation Ltd (PFC), on Tuesday said that it will raise $250 million through external commercial borrowing (ECB).
Infrastructure finance company, Power Finance Corporation (PFC) has registered net profit of Rs 818 crore, 35% increase for the quarter ended March 2012.
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.
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.
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.
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.