https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

PFC and SJVN Are Partnering to Fund Renewable and Thermal Energy Projects Worth Rs 1.18 lakh Crore

According to the MoU, the term loan financial assistance is temporarily set at 70% of the project cost, with the option of raising this allocation for renewable energy projects based on project specific criteria.
Indian Masterminds Stories

Power Finance Corporation (PFC) and SJVN Ltd established a Memorandum of Understanding (MoU) on Wednesday (20.09.2023) to give financial support to SJVN Ltd’s broad project portfolio. This portfolio includes a diverse range of projects, with a focus on renewable energy and thermal generation activities, totaling Rs 1.18 lakh crore. The combined capacity of these projects is 12,178 MW, with an additional 660 MW thermal generation project thrown in for good measure.

Manoj Sharma, Director (Commercial) of PFC, and Akhileshwar Singh, Director (Finance) of SJVN signed the Memorandum of Understanding, reiterating their mutual commitment to this collaboration.

PFC’s financial support, in the form of term loans, is roughly estimated to range between Rs 80,000 and Rs 90,000 crore, signifying a significant commitment to implementing these critical projects. Importantly, these funds remain flexible and may be supplemented to meet the specific demands of renewable energy projects, demonstrating the partnership’s agility and responsiveness to changing project requirements.

This collaborative effort between PFC and SJVN demonstrates their shared commitment to creating sustainable and clean energy solutions, hence advancing India’s goals for a greener future.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
AK-630M-Integrated-Mobile-Gun
Indian Army to Procure AK-630 Air Defence Guns Under Mission Sudarshan Chakra to Boost Border Security
_Bank_of_Baroda_of_Hackathon_2025
Bank of Baroda Hackathon 2025 Showcases Future of Secure Digital Banking with Zero Trust Framework 
Dr Raju Narayana Swamy Math Olympiad book
IAS Officer Dr Raju Narayana Swamy Releases New Mathematics Book for Olympiad Aspirants - His 35th Publication
mohan Yadav
Madhya Pradesh Invites Northeast Investors: CM Mohan Yadav to Pitch Rs. 1000s Crore Worth Opportunities in Assam
Vishnu Deo Sai CM
Spiritual Grounds, Development Goals: Chhattisgarh CM Vishnu Deo Sai Inaugurates Mega Projects Worth Rs. 162 Crore in Arang
_Raipur-Visakhapatnam_Corridor
NHAI Achieves 2.79 km Tunnel Breakthrough on Raipur–Visakhapatnam Corridor, Enhancing Regional Connectivity
Chhattisgarh Didi
Millionaire Didis of Chhattisgarh: How Women Are Using Digital Power to Conquer Global Markets Under CM Sai's Leadership
MOIL
PESB Recommends Vishwanath Suresh as MOIL Chairman & Managing Director with Over 30 Years Mining Experience
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
ADVERTISEMENT
UPSC Stories
Sagar Datta Majumdar UPSC CSE 2024 AIR 317
“Don’t get trapped in the vicious cycle of self-doubt,” says UPSC Achiever Sagar Datta Majumdar
Discover how Sagar Datta Majumdar from Agartala, Tripura, cracked UPSC CSE 2024 with All India Rank 317....
UPSC Chairman Ajay Kumar Live Interaction
From Cut-off Dates to Coaching & Reforms: UPSC Chairman Ajay Kumar Assures Aspirants of Fairness, Transparency & a Future-Ready UPSC | UPSC@100
A Century of Service: The UPSC’s Landmark Year Begins. Chairman Ajay Kumar on UPSC’s Centennial: “Merit,...
Giriraj Parihar MPPSC 2024
From Constable to Deputy Collector: Giriraj Parihar’s 9-Year MPPSC Journey | Farmer’s Son, Brother to Five Sisters
From a jail guard to MPPSC 2024 Rank 8, Giriraj Parihar’s nine-year journey of self-study, hard work,...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
AK-630M-Integrated-Mobile-Gun
Indian Army to Procure AK-630 Air Defence Guns Under Mission Sudarshan Chakra to Boost Border Security
Kutch water
Water Warriors of Kutch: How a Community-Driven Initiative Built 390+ Ponds to Fight Drought
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
Siddhartha Saxena UPSC CAPF
ADVERTISEMENT
ADVERTISEMENT