{"id":351244,"date":"2020-05-14T11:39:39","date_gmt":"2020-05-14T06:09:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351244"},"modified":"2020-05-14T11:39:39","modified_gmt":"2020-05-14T06:09:39","slug":"pfc-rec-to-approach-discoms-offer-7-10-year-loans-with-moratorium","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-rec-to-approach-discoms-offer-7-10-year-loans-with-moratorium\/","title":{"rendered":"PFC, REC to approach discoms; offer 7-10 year loans with moratorium"},"content":{"rendered":"<p>New Delhi: Power Finance Corp (PFCNSE -2.18 %) and RECNSE -1.29 % Ltd will kick off the government\u2019s Rs 90,000 crore liquidity infusion package in power sector within a couple of days by offering concessional loans to state electricity distribution companies.<\/p>\n<p>The package, announced by finance minister Nirmala Sitharaman on Wednesday, aims to help the power sector tide over an unprecedented cash crunch due to the nationwide lockdown to prevent the spread of Covid-19.<\/p>\n<p>Power distribution companies and power producers welcomed the move, saying this would help in ensuring continuity of steady power supply by plants which were running out of cash to buy coal and pay for freight besides not being able to meet debt obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Power Finance Corp (PFCNSE -2.18 %) and RECNSE -1.29 % Ltd will kick off the government\u2019s Rs 90,000 crore liquidity infusion package in power sector within a couple of days by offering concessional loans to state electricity distribution companies. The package, announced by finance minister Nirmala Sitharaman on Wednesday, aims to help the power sector tide over an unprecedented cash crunch due to the nationwide lockdown to prevent the spread of Covid-19. Power distribution companies and power producers welcomed the move, saying this would help in ensuring continuity of steady power supply by plants which were running out [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-351244","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351244","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351244"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351244\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}