{"id":491184,"date":"2022-05-12T08:55:06","date_gmt":"2022-05-12T03:25:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=491184"},"modified":"2022-05-12T09:06:13","modified_gmt":"2022-05-12T03:36:13","slug":"govt-asks-pfc-rec-to-give-short-term-loans-to-imported-coal-based-plants","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-asks-pfc-rec-to-give-short-term-loans-to-imported-coal-based-plants\/","title":{"rendered":"Govt asks PFC, REC to give short-term loans to imported coal-based plants"},"content":{"rendered":"<p>The Power Ministry has directed Power Finance Corporation and REC Ltd to provide short-term loans to imported coal-based thermal plants that are under stress or facing insolvency suits amid the ongoing coal shortage crippling power generation in the country.<\/p>\n<p>The direction assumes significance in view of the power ministry&#8217;s earlier order that asked all imported coal-based plants to produce electricity at their 100 per cent generation capacity. <\/p>\n<p>&#8220;Union Power Ministry has directed Power Finance Corporation (PFC) and REC Ltd to take necessary action to arrange short term loans for a period of six months with adequate safeguards, for ICB (imported coal based power) plants which are under stress or in NCLT (national company law tribunal), at the earliest,&#8221; a power ministry statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Power Ministry has directed Power Finance Corporation and REC Ltd to provide short-term loans to imported coal-based thermal plants that are under stress or facing insolvency suits amid the ongoing coal shortage crippling power generation in the country. The direction assumes significance in view of the power ministry&#8217;s earlier order that asked all imported coal-based plants to produce electricity at their 100 per cent generation capacity. &#8220;Union Power Ministry has directed Power Finance Corporation (PFC) and REC Ltd to take necessary action to arrange short term loans for a period of six months with adequate safeguards, for ICB (imported [&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-491184","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\/491184","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=491184"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/491184\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=491184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=491184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=491184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}