Daily News Wrap-Up: PFC Approves RDSS Projects Worth ₹1.17 Trillion for DISCOMs
Wind turbine manufacturer Nordex records 15.7% YoY surge in sales
November 23, 2023
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Government-owned Power Finance Corporation (PFC) has approved projects worth over ₹1.17 trillion (~$14.04 billion) for various state distribution companies under the Revamped Distribution Sector Program as of September 2023. The public sector lender has also approved loans worth ₹70 billion (~$8.4 billion) and disbursed ₹31 billion (~$3.7 billion) under the Late Payment surcharge program, fetching the DISCOMs more than a 50% reduction in legacy dues.
Where clean energy's most influential leaders get their intelligence
Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.
Already have an account? Sign In
Mercom Staff
More articles from Mercom Staff.
