New Delhi, Feb. 27 -- Power Finance Corporation (PFC) on Thursday said it has signed a Memorandum of Understanding (MoU) with Madhya Pradesh government to extend financial assistance of Rs 26,800 crores to the state's power utilities.
The funding will support capital expenditure projects for entities such as Madhya Pradesh Power Generation Company Limited (MPPGCL), Madhya Pradesh Power Transmission Company Limited (MPPTCL), and MP DISCOMs.
PFC said that the financial assistance will be directed towards crucial infrastructure projects, including the development of new supercritical thermal units, solar power plants, renovation and modernisation of hydropower stations, power evacuation networks, smart metering, and loss reduction initiative...