Industry: Business Services & Supplies
Power Finance Corporation (PFC) was set up in July 1986 as a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors. The corporation was notified as a Public Financial Institution in 1990 under Companies Act, 1956. The corporation was registered as a Non Banking Financial Company by RBI and has been conferred with the status of Nav-Ratna PSU by Government of India on 22nd June, 2007.
PFC is providing large range of financial products and Services such as project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services.
Ministry of Power, Central Electricity Authority and PFC are working together to facilitate development of Ultra Mega Power Projects with the capacity of about 4000 MW each under tariff based competitive bidding route. Being large in size, these projects will meet the power needs of number of states through transmission of power on regional and national grids.
