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PFC agrees to extend Rs 15,000 Crore Loan to Andhra Pradesh
NEW DELHI. Power Finance Corporation extending full support to the Govt. of Andhra Pradesh by sanctioning a loan of Rs 15,000 crores over a span of two years thereby helping the government in its quest to provide reliable and adequate power to the people of Andhra Pradesh.
The deal was signed when a delegation of PFC officials, headed by Shri M.K. Goel, Chairman and Managing Director, and Shri AK Agarwal, Director (Projects) held detailed discussions with Chief Minister Shri N Chandrababu Naidu on October 9, 2014 at Hyderabad.
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