PFC sanctions Rs 27.9 billion to JKPCLto clear outstanding dues

The Power Finance Corporation (PFC) has sanctioned Rs 27.9 billion to Jammu & Kashmir Power Corporation Limited (JKPCL) for clearing its outstanding dues. PFC and JKPCL signed and exchanged an agreement for the Liquidity Infusion Scheme under the Atmanirbhar Bharat Abhiyan for Jammu & Kashmir. The money sanctioned under the scheme will be used to clear the outstanding dues of central public sector undertakings, generation and transmission companies, independent power producers and renewable energy generators as on March 31, 2020.