Memorandum Of Understanding (MOU)
PFC signed agreement for Liquidity Infusion Scheme
PFC has signed/exchanged agreement for Liquidity Infusion Scheme under “Aatmanirbhar Bharat Abhiyaan” for UT of J&K.
Power Finance Corporation Ltd (PSU Connect)
New Delhi: PFC has signed/exchanged agreement for Liquidity Infusion Scheme under “Aatmanirbhar Bharat Abhiyaan” for UT of J&K.
PFC has sanctioned Rs2790 crore to JKPCL for clearance of outstanding dues of CPSU, GENCOs & TRANSCOs, IPPs and RE Generators as on 31st March 2020. The exhange agreement was signed in the presence of Shri Rohit Kansal, Principal Secretary, PDD Along with senior officers from JKPDD, KPDCL, JPDCL, PFC & REC.
Government-owned Power Finance Corporation Ltd (PFC), India's leading NBFC, has sanctioned Rs 2790 crore to Jammu Kashmir Power Corporation ltd (JKPCL) for clearing its outstanding dues. PFC and JKPCL today signed and exchanged an agreement for Liquidity Infusion Scheme under “Aatmanirbhar Bharat Abhiyaan” for the Jammu and Kashmir Union Territory. The money sanctioned under the scheme will be used to clear the outstanding dues of CPSU, GENCOs & TRANSCOs, IPPs and RE Generators on 31st March 2020.
In May, the government announced a Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from PFC and REC. This was an initiative of the government to help gencos to remain afloat. Later, the liquidity infusion package was increased to Rs 1.2 lakh crore.
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