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UNITED NEWS OF INDIA
New Delhi, Nov 1: The Power Finance Corporation (PFC) on Saturday signed loan agreements with two power producers and a third one would be finalised this week, chairman and managing director Udesh Kohli said.
The Bombay Suburban Electricity Supply (BSES) got approvals of Rs 47.5 crore for distribution, Kohli said.
Another to-be-sanctioned loan is the 300 mw Baspa thermal project in Himachal Pradesh along with a counter-guarantee of Rs 150 crore.
The 1,050 mw Videocon power project is awaiting Rs 200 crore from PFC which will be sanctioned next week. The corporation will stand guarantee for Rs 100 crore for Videcon power project at Tamil Nadu.
The corporation had been essentially financing state electricity boards (SEBs) but with these three the number has gone up to seven as far private projects go. Last year, PFC financed the 400 mw Maheswar project.
his year the 355 mw Kondapalli and Greenview in Andhra Pradesh along with Magnum in Haryana were given funds by PFC.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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This story was printed from Net Express located at http://www.expressindia.com. Net Express provides a portal to India, with news from The Indian Express and The Financial Express along with sites on travel and tourism, the entertainment industry, the power sector, the environment and much more.
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