{"id":350302,"date":"2020-05-08T09:56:32","date_gmt":"2020-05-08T04:26:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350302"},"modified":"2020-05-08T10:12:41","modified_gmt":"2020-05-08T04:42:41","slug":"pfc-continues-to-fund-non-performing-coal-assets-despite-mounting-npas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-continues-to-fund-non-performing-coal-assets-despite-mounting-npas\/","title":{"rendered":"PFC continues to fund non-performing coal assets despite mounting NPAs"},"content":{"rendered":"<p>Power Finance Corporation (PFC) continues to fund non-performing assets in thermal coal sector some of which are obsolete and economically unviable projects that run the risk of turning into stranded assets in the future. <\/p>\n<p>\u201cWhen India\u2019s government-owned PFC acquired the REC (Rural Electrification Corporation), it formed the country\u2019s largest non-banking finance company (NBFC) and a critically important lender for India\u2019s power sector, with a total asset book approaching $100 billion as of last December (2020),\u201d said Kashish Shah, energy finance analyst with US-based think tank Institute for Energy Economics &amp; Financial Analysis (IEEFA). <\/p>\n<p>PFC and REC have lent extensively to coal-fired power projects, with Rs 3.43 trillion ($49 billion), or 54 per cent of their total loan books exposed to thermal power.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Finance Corporation (PFC) continues to fund non-performing assets in thermal coal sector some of which are obsolete and economically unviable projects that run the risk of turning into stranded assets in the future. \u201cWhen India\u2019s government-owned PFC acquired the REC (Rural Electrification Corporation), it formed the country\u2019s largest non-banking finance company (NBFC) and a critically important lender for India\u2019s power sector, with a total asset book approaching $100 billion as of last December (2020),\u201d said Kashish Shah, energy finance analyst with US-based think tank Institute for Energy Economics &amp; Financial Analysis (IEEFA). PFC and REC have lent extensively to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-350302","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=350302"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350302\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}