PFC continues to be the lead financier in the Indian Power Sector

By VARINDIA - 2019-05-03

PFC continues to be the lead financier in the Indian Power Sector

Power Finance Corporation Ltd. (PFC)   

 

Head of the organization 
 Rajeev Sharma (Chairman & MD)     

 

Website 
 http://www.pfcindia.com

 

PFC is the financial back bone of the Indian Power Sector and is under the administrative control of the Ministry of Power. PFC was conferred the title of a 'Navratna CPSE' in June, 2007.

 

PFC plays a crucial role in the rise of India as a global player. With a large fraction of India still without any access to electricity, PFC will become an increasingly important institution in the years to come. PFC has uniquely positioned itself to become a financing provider to implement many government policies.

 

The Union cabinet has recently approved the sale of government’s shareholding in REC Ltd to Power Finance Corporation (PFC) along with transfer of management control. Both the companies will continue to play their respective policy roles and will remain the nodal agencies for implementing the government's power sector policies. Further, they are expected to operate all functions independently as they do it currently.




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