PFC Disburses Rs 11K Crore, Claims to be Unaffected by Lockdown Updated On Thu, Apr 2nd, 2020 by Saurenergy PFC has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31 and has claimed to be unaffected by it. State-owned Power Finance Corporation (PFC) has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31. The company claimed that the […] Read more
‘Letter of Comfort’ From PFC/ REC/ IREDA now at Par With Bank Guarantees Updated On Mon, Mar 16th, 2020 by Saurenergy The government has decided to treat a letter of comfort issued by state-run shadow banking firms like PFC, REC, and IREDA at par with bank guarantees. To improve the business environment for clean energy projects and attract investments, the government has decided to treat a letter of comfort (undertaking) issued by state-run shadow banking firms […] Read more
PFC Tenders for Transmission System for 2500 MW WEZ in Tamil Nadu Updated On Mon, Dec 30th, 2019 by Saurenergy PFC has tendered for developing transmission systems for the evacuation of 2500 MW of wind power from the Karur/ Tiruppur WEZ of Tamil Nadu. PFC Consulting, a subsidiary of Power Finance Corporation, has issued a tender for shortlisting transmission service providers to develop transmission systems for the evacuation of 2500 MW of wind power from […] Read more
PFC Raises $ 300 Million Through Syndicated Loans Updated On Thu, Jul 4th, 2019 by Saurenergy PFC raises $ 300 million through a three-year syndicated loan from SBI, Honk Kong and MUFG Bank, Singapore. The Power Finance Corporation (PFC), a state-owned non-banking financial company (NBFC) that funds power sector projects has announced that it has raised $ 300 million through a three-year syndicated loan from the State Bank of India, Honk […] Read more
CCEA Approves Sale of Govt’s 52.63% Stake in REC to PFC Updated On Fri, Dec 7th, 2018 by Saurenergy It may also allow for cheaper fund raising with increase in bargaining power for the combined entity. The Cabinet has provided its ‘In Principle’ approval for the strategic sale of the government’s existing 52.63 percent total paid-up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC). The government said in a notification […] Read more
PFC Appoints PK Singh as Director-Commercial Updated On Tue, Aug 14th, 2018 by Saurenergy Praveen had been placed as Executive Director- Projects and has worked in multiple units of the Projects division of the firm for over 24 years. State-run power sector lender, Power Finance Corporation (PFC) has appointed Praveen Kumar Singh as Director-Commercial of the company with effect from August 10. Before the director-commercial, Praveen had been placed […] Read more
Don’t Grant Loans to Huge Loss Making Discoms, says RK Singh to REC, PFC Updated On Fri, Mar 9th, 2018 by Saurenergy He said that many distribution companies have been making heavy transmission and distribution (T&D) losses and it may be difficult for them to repay the loans. In a review meeting, the Union Minister of State (IC) Power and New & Renewable Energy, R K Singh has directed the two financing arms of the Power Ministry […] Read more
Sr Manager – Sales Updated On Mon, Nov 11th, 2024 by Saurenergy The successful candidate will be responsible for Sales in Odisha region and various Cities location, he/she should take care of sales of Schneider all product basket (Power Systems predominantly along with ,Industry, Partner Projects, Eco, H&D & DE ) Role: Will be responsible for working closely with major Contractors, End Users – Industry and Building & Panel Builders. […] Read more
REC Steps Up On Green Financing With 37.3% Growth In Renewable Energy Funding Updated On Mon, Oct 7th, 2024 by Saurenergy REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. Notably, the firm raised the largest ever tranche of green binds from […] Read more
