PFC-REC make further reduction in lending rates

Jan 19, 2022

New Delhi [India] January 19 : State-owned non-banking financial companies, Power Finance Corporation (PFC) and REC Limited have further reduced their lending rates across...

Government's vision is to make available affordable power for all 24x7: Union Minister

Oct 06, 2021

New Delhi [India], October 6 : Union Power Ministry reviewed the performance of Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) Limited on...

CCEA approves one-time relaxation to PFC, REC for extending loans to discoms

Aug 19, 2020

New Delhi [India], Aug 19 : The Cabinet Committee on Economic Affairs has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural...

Govt asks gencos, telcos to cap late payment surcharge at 12 pc

Aug 22, 2020

New Delhi [India], Aug 22 : The government has asked power generating and transmission companies to cap late payment surcharge at 12 per cent...

Power ministry takes steps for operationalising imported coal-based plants under stress

May 11, 2022

New Delhi [India], May 11 : Union Power Ministry has directed Power Finance Corporation (PFC) and Rural Electrification Corporation (REC Ltd) to take necessary...

Power ministry asks gencos, transcos to cap late payment surcharge at 12 pc

Aug 22, 2020

New Delhi [India], Aug 22 : In order to alleviate the financial stress of the power system, the Ministry of Power has advised all...