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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 Govt. of India on 22nd June, 2007. |
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PFC is providing
large range of Financial Products and Services
like Project Term Loan, Lease Financing, Direct
Discounting of Bills, Short Term Loan,
Consultancy Services etc.for
various Power projects in Generation,
Transmission,
Distribution |
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sector
as well as for Renovation & Modernisation of existing
power projects.
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Ministry
of Power, Central Electricity Authority and
PFC are working together to facilitate development
of nine Ultra Mega Power Projects with the capacity
of about |
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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. |
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What is
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