PFC-REC may lend afresh to stressed discoms

Amid the ongoing lockdown across the country, the Centre has provided a breather to state discoms to tide over the current liquidity situation. The state discoms can now source loans from PFC-REC to maintain their basic operations and address the power purchase costs.

In a meeting held on Wednesday between the Union power secretary and the state principal secretaries, the latter were asked to source loans from REC and PFC which would also carry a moratorium on payment to overcome their immediate liquidity concerns.