Power ministry setting up INR 50000 crore funds for projects
The Power Ministry is considering setting up of INR 50,000 crore fund for financing projects and may rope in state run lenders Power Finance Corporation and Rural Electrification Corporation for the same.
A top power ministry official said that "The concept is being thought about to create a debt fund. It is shaping up. The corpus would be about INR 50,000 crore."
The proposal for setting up the debt fund is at a nascent stage and the ministry is yet to work out the final modalities. It is also in constant dialogue with the Planning Commission for working out a blueprint of the proposed fund.
The official said that "We are looking at where the money could be raised from, which project would be there."
(Sourced from PTI)
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