PFC signs MoU with MAHAPREIT for funding solar projects in Maharashtra

Power Finance Corporation Limited (PFC) has signed a memorandum of understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) for extending financial assistance across the value chain in the form of long term debt, working capital/ operational funding requirements and other funding requirements for projects to be undertaken by MAHAPREIT.

The MoU inter-alia envisaged financial assistance of around Rs 67.50 billion to various solar power projects with proposed capacity of 1,550 MW within the state of Maharashtra. The MoU underlines PFC’s commitment towards playing a pivotal role in powering the nation’s aspirational journey into a greener and more sustainable future.