PFC signs MoU with Gujarat govt for power projects worth Rs 25,000 crore!
MOUs and Agreement
The MoU between the Non-Banking Financial Company (NBFC) and the state government will further bolster various projects undertaken by Gujarat Urja Vikas Nigam Limited (GUVNL), Gujarat State Electricity Corporation Limited (GSECL), Gujarat Energy Transmission Corporation Ltd (GETCO), Dakshin Gujarat Vij Company Ltd (DGVCL), Madhya Gujarat Vij Company Ltd (MGVCL), Paschim Gujarat Vij Company Ltd (PGVCL), and Uttar Gujarat Vij Company Ltd (UGVCL).
The agreement will not only focus on the expansion of power infrastructure but also help create employment generation of up to 10,000 in the state.
The collaboration is set to facilitate long-term debt and other critical funding necessities vital for executing these diverse projects, the Ministry of Power said in a release.
Power Finance Corporation (PFC) on Wednesday signed a Memorandum of Understanding (MoU) with the Gujarat government to provide comprehensive financial backing for the state's generation, transmission, and distribution projects worth Rs 25,000 crore.
Chief minister: Bhupendrabhai Patel
Governor: Acharya Devvrat
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