PFC to provide Rs 502 billion financial aid to Uttar Pradesh power utilities

The Power Finance Corporation (PFC) has signed MoUs with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, Uttar Pradesh Power Transmission Corporation Limited and Uttar Pradesh Power Corporation Limited for providing financial assistance aggregating Rs 502 billion to the entities over the next four years. The financial assistance has been provided for upcoming greenfield projects, development of coal mines, strengthening the distribution and transmission infrastructure network, and the extension of thermal generation projects at Jawaharpur, Panki, Harduaganj, Anpara and Obra, among others.