PFC Projects likely to rope in investor partners for stressed power projects
PFC Projects Ltd, an equal joint venture of Power Finance Corporation and REC Ltd, is likely to rope in technical or strategic investor partners to operate and maintain acquired stressed or non-performing assets next year.
PFC Projects Ltd (PPL) will rope in strategic investor partners through competitive bidding and the first such bid is likely to be floated next year, a source told PTI.
The joint venture has been set up for taking over stressed assets or NPA (non performing assets) in the power sector. Earlier this month, the boards of PFC and REC approved a subscription of 50 per cent equity each not exceeding Rs 50 crore each in the PPL.
