PFC completes successful resolution of 120 MW Rangit-IV HEP of Jal Power Corporation Ltd, handover to NHPC
PFC has a long-standing relationship with NHPC Ltd and this will facilitate in further strengthening the relationship between the two entities.
New Delhi: Power Finance Corporation (PFC) as lead FI and PNB as co-lender of the consortium, completes successful resolution of a stressed asset – 4x30 MW Rangit-IV HEP of Jal Power Corporation Ltd (JPCL) and handed over the project to NHPC Ltd on 31.03.2021. The handing over process was completed in the august presence of Shri Ravinder Singh Dhillon, CMD (PFC), Shri P.K. Singh, Director (Commercial) & additional charge Director (Projects) PFC, Smt. Parminder Chopra, Director (Finance) PFC, Smt. Simmi R Nakra, CVO (PFC), Shri. Rajendra Prasad Goyal, Director (Finance) NHPC, Shri. Biswajit Basu, Director (Projects), NHPC, Shri. Amit Jain, Resolution Professional (RP) and other senior officials from PFC, NHPC Ltd & PNB.
With this successful transfer of the stressed asset to NHPC, a new lease of life is expected to be ushered in the project. NHPC Ltd is a leading CPSE for hydropower development in India. PFC has a long-standing relationship with NHPC Ltd and this will facilitate in further strengthening the relationship between the two entities.
Read Also : Indigenous Technology Cruise Missile successfully flight-tested by DRDONews Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project