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
Related Stories
NEWS
psuwatch_2025-04-02_62wq2qdg_HSL-PSU-Watch-
HSL Achieves Positive Net Worth After 4 Decades; Poised for Mini Ratna Status
psuwatch_import_wp-content_uploads_2022_06_SJVNs-headquarters-gets-four-star-rating-from-GRIHA-Council
SJVN Announces Commercial Operation of 241.77 MW in Bikaner Solar Power Project
psuwatch_2025-04-02_5nwz5tnf_MDL-Defence-Watch
MDL Holds Keel Laying Ceremony for Multi-Purpose Vessel
NPCI
NPCI Expands AI Use to Strengthen Security Amid Rising UPI Transactions
IAS Extension (4)
JNPA Records 13.55% Growth in Container Traffic, Handles 7.3 Million TEUs in FY 2024-25
PNGRB
PNGRB Proposes Indian Oil for Andaman & Nicobar Gas Infrastructure Development
Coal India Limited_CIL_logo_resized
Coal India Expands Global Footprint with Lithium Push in Argentina
RailTel Corporation of India Limited 2
RailTel, LTSU, and NSDC Join Hands to Boost Railway Sector Skills Development
Videos
Padmapani Bora IRS
The Rise of Assam as India’s Most Exciting Tourist Spot | Exclusive with IRS Padmapani Bora
Sajjan Yadav, IAS
The Policy Maker Who Turned India’s Vaccine Story and UPSC Struggles into Bestsellers
WhatsApp Image 2025-03-21 at 14.33
Training The Cops In Mastering The Technology Used By Criminals
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
psuwatch_2025-04-02_62wq2qdg_HSL-PSU-Watch-
HSL Achieves Positive Net Worth After 4 Decades; Poised for Mini Ratna Status
psuwatch_import_wp-content_uploads_2022_06_SJVNs-headquarters-gets-four-star-rating-from-GRIHA-Council
SJVN Announces Commercial Operation of 241.77 MW in Bikaner Solar Power Project
Videos
Padmapani Bora IRS
Sajjan Yadav, IAS
WhatsApp Image 2025-03-21 at 14.33
ADVERTISEMENT
ADVERTISEMENT