PTC Financial Services, investment arm of state-run Power Trading Corp, has sanctioned Rs 521 crore for funding power projects in the country.

"PTC Financial Services, has sanctioned Rs 521 crore to power projects in July, 2009," a company statement said, adding this included Rs 105 crore in the form of equity participation and Rs 416 crore in the form of long-term and short-term debt financing.

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In 2008-09, PTC Financial Services has sanctioned Rs 721 crore in the form of equity as well as debt.

The company's portfolio of investment includes power exchange, a wind turbine manufacturing unit and power projects based on coal, biomass, wind and solar.

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