Power Finance Corporation Ltd (PFC) has signed an agreement with the Uttar Pradesh government-controlled power companies for financing new projects and those under implementation in the State.

A company statement said the memorandum of understanding (MoU) is for a financial assistance of ₹ 50,200 crore for 4 years. These funds will come handy for the upcoming greenfield and extension of thermal generation projects at Jawaharpur, Panki, Harduagunj, Anpara, and Obra, among others.

Development of coal mines, and centrally-sponsored schemes such as Integrated Power Development Scheme (IPDS), Saubhagya, Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), and strengthening of transmission and distribution network in Uttar Pradesh will also be aided by this amount.

The financial assistance will support the State in capacity addition of 4,760 MW, the statement added.

here is company details.

 

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