PFC no to fresh loans for Delhi discoms if subsidies persist

Jun 23 2014, 01:33 IST
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PFC’s letter means the financial institution is not satisfied with the plan outlined to the Court. PFC’s letter means the financial institution is not satisfied with the plan outlined to the Court.
SummaryPower Finance Corporation (PFC) has asked the Delhi Electricity Regulatory Commission...

are in FY15, Delhi’s consumers will pay those in full. “It is suggested that the Power Purchase Cost Adjustment Charges (PPAC) formula may be amended so as to include … short term power purchase and sale etc in line with the order of ATE”, PFC’s letter says. “This would ensure that no incremental revenue gap is generated during the year”, it adds. 

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