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PTC India sanctions Rs 45.70 crore loan for 2 solar power projects

17 Aug 2011 Evaluate

PTC India Financial Services (PFS), a subsidiary of PTC India (PTC) has sanctioned debt aggregating Rs 45.70 crore to 2 power companies which are in process to develop solar power projects in different location of Gujarat. The loan sanctioned to the above mentioned solar projects will help capacity generation of 20 MW which will in effect support the PFS’ commitment towards development of Green Energy in India.

PFS had earlier sanctioned Rs 50.80 crore to another solar power project which is in process to develop a 10 MW solar power project in Gujarat. Following this, the effective debt sanctioned of PFS to power projects as on August 12, 2011 aggregated to more than Rs 4545.70 crore.

The company being an Infrastructure Finance Company also contemplates with another series of Infrastructure Bonds aiming to collect around Rs 150 crore, once the necessary notification in this regard is issued by Government of India (GoI).

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