 "power, electricity, plant, renewables, thermal")
Finance Minister Nirmala Sitharaman on Wednesday announced a special liquidity infusion scheme for the ailing power distribution sector, through which it is looking to infuse around Rs 90,000 crore in the distribution companies (discoms).
The loan scheme, however, will come with several riders, said senior officials. “Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) will infuse liquidity in the discoms to the extent of Rs 90,000 crore in two equal instalments. This amount will be used by discoms to pay their dues to transmission and generation firms,” the FM said.
PFC and REC are power sector non-banking financial companies
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