PFC in pact with NHPC to lend funds for hydro tasks, acquisitions

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Energy Finance Corp () on Tuesday introduced signing a Memorandum of Understanding (MoU) with Ltd to lend funds for the event of hydro tasks and acquisition of burdened tasks.

NHPC, a Schedule-A Miniratna Class-I CPSE, is engaged in improvement of hydropower in India and has additionally diversified into photo voltaic and wind energy. NHPC additionally gives consultancy providers to hydro energy and renewable vitality tasks.

“The signing of the MoU will additional bolster the long-standing affiliation between PFC and NHPC and can herald a transformational alternative between the 2 organisations. The affiliation will even serve to facilitate information and expertise switch, contributing to sustainable improvement initiatives within the nation,” an official assertion stated.

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