PFC to extend Rs. 1,112 cr loan to AP.

Power Finance Corporation has agreed to extend a Rs. 1,112 crore loan to Andhra Pradesh power sector, which includes Rs. 1000 crore towards bridging the fund requirement for the power sector post the division of the State and Rs. 112 crore for setting up of 4,000 solar pump sets.

According to a statement from the State Energy Conservation Mission, these assurances were made by M.K. Goyal, Chairman and Managing Director of PFC to AP Chief Minister, N. Chandrababu Naidu during their meeting recently.

HBL