Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the leading NBFC in the power sector, has signed an MoU with the Government of Gujarat (GoG), in Gandhinagar on January 3, 2024.
The MoU between PFC and Government of Gujarat shall inter-alia also help creating employment generation to the tune of 10,000 in the state of Gujarat.
The chief objective of this MoU is to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects.
The chief objective of this MoU is to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects.
Apart from facilitating the expansion of power infrastructure, the MoU shall inter-alia also help creating employment generation to the tune of 10,000 in the state of Gujarat.
The MoU, signed in Gandhinagar, marks a significant step towards bolstering various projects. Under the terms of the MoU, the envisaged financial assistance stands at an impressive Rs. 25,000 Crore, dedicated to powering up various projects across Gujarat.
This substantial financial commitment underscores PFC’s steadfast commitment to bolstering the power infrastructure in the region and supporting the state’s ambitious initiatives in the power sector.
This strategic alliance is anticipated to usher in a new era of energy sustainability and efficiency in Gujarat, setting the stage for transformative changes and catalysing the state’s vision for a robust and reliable power infrastructure.
The signing of this MoU marks a significant milestone in the journey towards augmenting Gujarat’s power landscape, reflecting a shared commitment towards a future of reliable, sustainable, and accessible power for the people of the state.
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