|
| PFC to lend Rs 50,000 cr to power projects | |
| Press Trust of India / Gangtok November 08, 2009, 16:56 IST | |
State-owned Power Finance Corporation (PFC) has decided to lend Rs 50,000 crore, over two-third of its total asset base, to fund various proposed power projects in the country.
There is a huge capacity addition taking place in the country to increase power generation by 78,000 Mw under the 11th Five Year Plan (2007-2012), and it will require investment by various financial institutions, PFC Chairman and Managing Director (CMD) Satnam Singh told reporters here last night.
To meet this end, he said, the company has decided to lend as much as Rs 50,000 crore out of its total asset base of Rs 70,000 crore to the proposed power projects in the country.
A large of chunk of PFC's lending has been earmarked for the ultra mega power projects even as it has provided loans to about 1,500 ongoing power projects, Singh said.
The PFC chief was here to interact with the state electricity utilities representatives from across the country.
Singh observed that the private sector will be a key driver in increasing the power generation capacity in the next decade.
|
|
Content Guide
