pfc

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Strict Financing Rules & Penalties for Non-Payment Help Improve DISCOMs’ Performance

Stricter regulations around financing, severe penalties for non-payment of dues, mandatory energy accounting, and auditing are the driving factors behind the...

May 11, 2023

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Satish Shetty

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AT&C

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Grid

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Market & Policy
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India Could Attract $500 Billion Funding for 450 GW Renewables Goal by 2030

India could attract massive investments to fund the ambitious renewable capacity addition currently underway to meet the 450 GW capacity target by 2030. It allows...

May 2, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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Daily News-Wrap Up: PFC Loans ₹6.33 Billion for EV Deployment

Power Finance Corporation has approved a loan of ₹6.33 billion (~$77 million) to Gensol Engineering for the purchase of 5,000 passenger electric vehicles (EVs) and 1,000...

April 24, 2023

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Mercom India

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Daily Wrap-up
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Vibrant Secures ₹22 Billion from PFC for 300 MW Wind-Solar Hybrid Projects

Renewable energy solutions provider Vibrant Energy has secured project financing of more than ₹22 billion (~$268.7 million) from Power Finance Corporation (PFC) to...

April 6, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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Daily News Wrap-Up: POWERGRID Board Approves Raising ₹6 Billion Through Bonds

The Power Grid Corporation of India (POWERGRID) said it would raise unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds worth ₹6 billion (~$72.86...

March 28, 2023

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Mercom India

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Daily Wrap-up
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India’s Projected Renewable Capacity During 2027-32 to Cost $153 Billion

The estimated funding requirement for renewable capacity addition in line with Draft National Electricity Plan released by Central Electricity Authority (CEA) will be...

January 17, 2023

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Sumit Jha

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Finance and M&A

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Other

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Renewable Energy
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Bids Invited for ISTS Projects Under Western Region Expansion Plan

PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation, has invited bids to set up interstate transmission system (ISTS) projects under the Western...

November 22, 2022

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Rakesh Ranjan

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Grid

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T&D
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Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95/kWh in FY21

The Average Cost of Supply (ACS) for distribution companies (DISCOMS) increased from ₹6.14 (~$0.074)/kWh in financial year (FY) 2019-20 to ₹6.19 (~$0.074)/kWh in FY...

October 21, 2022

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Arjun Joshi

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Grid

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Grid Optimization

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Market & Policy
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DISCOMs’ Aggregate Loss Soars to ₹502.81 Billion in FY 2021

The aggregate losses for distribution companies (DISCOMs) stood at ₹502.81 billion (~$6.11 billion) in financial year (FY) 2020-21, an increase of 66% compared to ₹302....

October 17, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: JBIC Loans PFC $220 Million for Renewable Energy Projects

Here are some noteworthy cleantech announcements of the day from around the world: Power Finance Corporation (PFC) signed a loan agreement for ¥30 billion (~$220.83...

July 11, 2022

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Satish Shetty

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Other

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Renewable Energy
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Daily News Wrap-Up: Reliance Merges its Renewable Energy Arm Into the Company

Here are some noteworthy cleantech announcements of the day from around the world: Reliance Industries announced the amalgamation of its wholly-owned subsidiary Reliance...

June 3, 2022

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Satish Shetty

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Uncategorized
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Bids Invited for Interstate Transmission System to Evacuate 20 GW of Renewables

PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation (PFC), has invited bids to develop an interstate transmission system (ISTS) to evacuate 20 GW of...

March 9, 2022

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Rakesh Ranjan

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Grid

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T&D
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Renewables Sector Needs an Annual Investment of ₹2 Trillion: Standing Committee Report

The Parliamentary Standing Committee on Energy recommended that the Ministry of New and Renewable Energy (MNRE) work proactively to make available and explore innovative...

March 7, 2022

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Arjun Joshi

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Finance and M&A

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Other
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Smart Meter Installations Across the Country Grow Steadily

According to the recent data released by the National Smart Grid Mission, Ministry of Power, 3.73 million smart meters have been installed across the country out of the...

February 11, 2022

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Rakesh Ranjan

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Grid

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Smart Grid
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Power Minister Outlines Steps to Improve Financial Health of DISCOMs

In a written reply in Rajya Sabha, Union Power Minister RK Singh outlined the various steps taken by the government to help improve the financial health of the...

February 9, 2022

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Rakesh Ranjan

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Grid

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Market & Policy

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