Central government’s power financing arm Power Finance Corp. Ltd plans to form a subsidiary  PFC Green Energy Ltd (GEL) to finance renewable energy projects. “The new subsidiary will contribute towards 20 per cent of the total lending by ...

Share sale in the state owned Power Finance Corp (PFC) is likely in the current fiscal year that ends in March 2011 said power secretary P Uma Shankar. “We are trying for (share sale) this fiscal. The ...

The Supreme Court issued notices to Anil Ambani group company Reliance Power (R-Power) and the central government over Tata Power’s plea opposing government’s approval to the Anil Dhirubhai Ambani Group (ADAG) firm for diverting coal meant ...

The company may raise up to Rs 1,000 crore ...

Power sector finance arm of the government Rural Electrification Corporation (REC) has received the status of an infrastructure finance company (IFC) from the Reserve Bank of India. With this, REC can take an additional lending exposure of ...

The government is actively considering setting up refinancing fund for the power sector, which will ease the pressure on banks and other financial institutions, which are finding it difficult to finance the growing appetite of the ...

The last date for submission of RFQs for Chhattisgrah ultra mega power project(UMPP) has been extended by PFC to 5 July from 3 May 2010. ...

Satnam Singh, chairman and managing director Power Finance Corporation, is in the middle of the recasting the public sector lender into a total financial solutions provider for the power sector. Excerpts from an interview ...

 State-run Power Finance Corporation (PFC) is looking to raise US $ 1 billion through ECB. “The company’s target for the current year is 27,000 crore, and to maintain capital adequacy we might have to go to ...