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PFC Hosts Conference Addressing Financing Challenges for Eastern and North Eastern State Utilities

Held in Kovalam, Kerala, the event garnered participation from 17 state-sector Power and Infrastructure Utilities representing the Eastern and Northern Eastern regions.

March 02, 2024. By Abha Rustagi

The Power Finance Corporation Ltd. (PFC), a Maharatna Central Public Sector Enterprise under the Ministry of Power, recently organized a conference themed around 'PFC’s Financing in Dynamic Regulatory Environment.'

Held in Kovalam, Kerala, the event garnered participation from 17 state-sector Power and Infrastructure Utilities representing the Eastern and Northern Eastern regions. Chairpersons, Managing Directors, and Directors from various state utilities, along with senior officials, graced the occasion.

Parminder Chopra, CMD of PFC, along with Rajiv Ranjan Jha, Director (Projects), and H.K. Das, Executive Director (Projects), joined other senior PFC officials in sharing insights and engaging discussions with the participants.

During the conference, PFC provided an extensive overview of its financing products, encompassing long-term and short-term loans, revolving credit facilities, and the sanction and disbursement mechanism. Notably, PFC highlighted its recent mandate to fund the logistics and infrastructure sectors, along with detailing various schemes of the Ministry of Power, including the Revamped Distribution Sector Scheme (RDSS).

PFC emphasized the significance of state utilities adhering to the additional prudential norms (APN) stipulated by the Ministry of Power to fortify their operations. Furthermore, PFC assured attendees of its commitment to provide consultancy and technical assistance in project implementation.

The conference underscored the imperative for state utilities to prioritize renewable energy projects, infrastructure enhancement, and capacity-building initiatives within their regions. PFC reaffirmed its support to these endeavors, offering tailored financial solutions, consulting services, and sanctioning funds through loans, both capex and non-capex, to meet the unique requirements of each utility.

Senior officials from state utilities reciprocated by sharing valuable feedback and outlining their expectations from financial institutions like PFC in addressing the challenges confronting utilities.

Tags:

Business

PFC

Power Finance Corporation Ltd

Eastern and Northern Eastern regions

Parminder Chopra

Rajiv Ranjan Jha