Power Finance Corporation Limited (PFC) has signed an memorandum of understanding (MoU) with the Government of Gujarat to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects.
The MoU marks a significant step towards bolstering various projects undertaken by Gujarat Urja Vikas Nigam Limited, Gujarat State Electricity Corporation Limited, Gujarat Energy Transmission Corporation Limited, Dakshin Gujarat Vij Company Limited, Madhya Gujarat Vij Company Limited, Paschim Gujarat Vij Company Limited, and Uttar Gujarat Vij Company Limited. The collaboration is set to facilitate long-term debt and other critical funding necessities vital for executing these diverse projects. Under the terms of the MoU, the envisaged financial assistance stands at an impressive Rs 250 billion, dedicated to powering up various projects across Gujarat.
Â
Â