PFC expects Rs 350 billion fund requirement for enhanced discom funding

Power Finance Corporation (PFC) expects additional funding requirement in a range between Rs 300 billion and Rs 350 billion to meet the obligation for enhanced funding for power distribution companies in near future.

The government had recently allowed enhanced funding to discoms for clearance of their outstanding dues as on June 30, 2020. PFC is adequately placed on the liquidity front in the current financial year and is raising around Rs 580 billion from the domestic markets at competitive rates including Rs 110 billion for the liquidity injection package. PFC has clarified that it is not planning to launch any follow on public offer (FPO) in the near future.

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