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PFC, REC sign pact with KHEL to finance hydropower project in Bhutan

11 Mar 2021 Evaluate

Power Finance Corporation (PFC) and REC have entered into a pact with Bhutan-based Kholongchhu Hydro Energy (KHEL) to finance a 600-megawatt hydroelectric project at Trashiyangtse in the neighbouring country. KHEL is a 50:50 joint venture between SJVN India and Druk Green Power Corporation (Bhutan) set up for developing the 600-MW Kholongchhu hydroelectric project in the eastern Bhutan.

PFC is central PSU under Ministry of Power and India's leading NBFC.

Peers
Company Name CMP
Power Finance Corpn. 325.25
REC 299.75
NHIT 168.00
Satin Creditcare Net 224.50
IFCI 64.02
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