Power Finance Corporation (PFC) and REC Limited’s merger is moving ahead in full steam, with execution plans being laid out to meet the statutory and regulatory...

Power Finance Corporation (PFC) has acquired 52.63% of the Government of India’s stake in REC Limited, making REC a subsidiary of PFC. The PFC Board took note of the...

State-owned Power Finance Corporation (PFC) has launched Tranche I of its public issue of secured, listed, and redeemable non-convertible debentures (NCDs), aiming to...

Over the last five financial years, public sector banks, government-owned/controlled financial institutions, and foreign direct investments have cumulatively invested...

Power Finance Corporation (PFC) has signed a loan agreement for €150 million (~$175.13 million) with KfW Development Bank, a German state-owned investment and...

The Central Electricity Regulatory Commission released draft guidelines for virtual power purchase agreements (VPPA), which could evolve as another instrument to enable...

Resonia (Sterlite Power) has bagged PFC Consulting’s transmission works to augment the interstate transmission system at the Ananthapur-II Renewable Energy Zone (Phase...

PFC Consulting has invited bids to evacuate 3 GW of power for green hydrogen/ammonia projects on a build, own, operate, and transfer mode in the Kakinada area, Andhra...

Gujarat’s power distribution companies (DISCOMs) continued to top the Ministry of Power’s thirteenth annual integrated ratings with all four of its DISCOMs retaining...

The Japan Bank for International Cooperation (JBIC) has signed an agreement to set up a credit line of JPY120 billion (~$770.64 million) with the government-owned Power...

ACME Renewtech, a subsidiary of solar energy company ACME Solar Holdings, has secured  ₹19.88 billion (~$232.3 million) in term loan financing from the Power Finance...

The Power Grid Corporation of India (PGCIL) has been awarded PFC Consulting’s inter-state transmission system (ISTS) strengthening project to evacuate renewable energy...

Government-owned Power Finance Corporation (PFC) has transferred its special purpose vehicle Pune-III Transmission to Adani Energy Solutions, which emerged as the...

Government-owned Power Finance Corporation (PFC) has recorded a net profit of ₹43.70 billion (~$524.5 million) during the second quarter (Q2) of the financial year (FY)...

The Power Grid Corporation of India (PGCIL) has won PFC Consulting’s tender to evacuate 5.5 GW of renewable energy from the Jaisalmer/Barmer complex in  Rajasthan. The...