My Iris reported that PTC India Financial Services, a subsidiary of PTC India, has sanctioned debt aggregating INR 5 billion to 3 power companies.

The projects includes one hydro project promoted by an Indian company in Nepal, one thermal project with captive coal mines, and another company engaged in executing the EPC contracts for power transmission lines.

The loan sanctioned to the above mentioned generation projects will help additional capacity generation of 720 MW. With this, the effective debt sanction of PFS as on May 31st 2011 aggregates more than INR 35 billion.

(Sourced from www.myiris.com)