SJVN signs MoU with PFC to fund renewable energy projects  

Mumbai: State-run hydroelectric power producer SJVN Limited has signed a Memorandum of Understanding (MoU) with Power Finance Corporation Ltd. (PFC) for financial assistance for projects.

The MoU has been signed for financial assistance to various diversified portfolio of projects including majorly renewable energy projects and thermal generation project to be set up at total project cost of about Rs 1,18,826 Crore.

As per the MoU, the term loan financial assistance is proposed tentatively at 70 percent of the project cost.