PFC: Green bonds on Luxembourg Stock Exchange

State-owned Power Finance Corporation (PFC) has announced that its maiden green bonds worth 300 million euros have been listed on the Luxembourg Stock Exchange (LSE). RS Dhillon, PFC Chairman and Managing Director (CMD) rang the bell during the listing ceremony ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

PFC Signs MoA with IIT-Kanpur for Training and Research in Smart Grid Technology

Power Finance Corporation (PFC), a PSU under the administrative control of the Ministry of Power, has signed an MoA with the Indian Institute of Technology, Kanpur, for training, research and entrepreneurship development in smart grid technology. Under this arrangement, PFC ..

Month: Current Affairs - July, 2020

USD 250 million loan signed with ADB

The Government of India has signed a USD 250 million loan with the Asian Development Bank (ADB) for expanding the energy efficiency investments in the country. The loan amount will be utilized by the Government of India’s, world’s largest public ..

India plans to boost clean energy sector

The Government of India is planning to integrate largest lenders to the power sector in order to help clean energy firms clear their dues. It includes Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and Indian Renewable Energy Development Agency ..

Month: Current Affairs - December, 2019

Public Enterprises Survey 2017-18

The Public Enterprises Survey 2017-18 was tabled in the Parliament. The Survey mapped the performance of the various central public sector units. The survey was undertaken by the Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises. Findings ..

Month: Current Affairs - December, 2018

CCEA approves strategic sale of Rural Electrification Corporation

Cabinet Committee on Economic Affairs (CCEA) has given its in principle approval for strategic sale of Central Government’s existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) along with transfer of ..

Month: Current Affairs - December, 2018

Government launches Pilot scheme Procurement of Aggregate Power of 2500 MW for 3 years

Ministry of Power has launched Pilot Scheme for Procurement of Aggregate Power of 2500 MW on competitive basis for 3 years. The main purpose of scheme is to revive commissioned power plants which are unable to sell electricity in absence ..

Month: Current Affairs - May, 2018

National Power Portal

National Power Portal was launched by Union ministry for Power and New & Renewable Energy as a Centralized Platform for Collation and Dissemination of Indian power sector information. Developed by National Informatics Centre (NIC) Nodal agency for implementation and operational control ..