PFC Projects likely to rope in investor partners for stressed power projects

PFC Projects Limited, an equal joint venture of Power Finance Corporation Limited and REC Limited, is likely to rope in technical or strategic investor partners to operate and maintain acquired stressed or non-performing assets next year.

PFC Projects Limited will rope in strategic investor partners through competitive bidding and the first such bid is likely to be floated in 2023. At present, the company has bid for two stressed projects—3,600 MW KSK Mahanadi Power project and 1,920 MW Lanco Amarkantak Power project. The company filed a joint bid with NTPC Limited for the 3,600 MW KSK Mahanadi Power project. The company will require a technical or strategic investor partner for the 1,920 MW Lanco Amarkantak Power project.

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