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The Power Finance Corporation (PFC) is a government-owned financial institution in India that is focused on providing financial assistance to the power sector in India. The PFC was established in 1986 as a wholly-owned subsidiary of the Financial Services Department of the Ministry of Power, and it became a public sector company in 2007.
The PFC provides a range of financial services to the power sector, including term loans, working capital loans, and project finance, among others. It also provides advisory services to power companies and acts as a financial advisor to the government on power sector issues.
The PFC is headquartered in New Delhi and has regional offices throughout India. It is led by a Chairman and Managing Director, who is appointed by the government, and a board of directors, which is composed of government officials and representatives from the power sector. The PFC plays an important role in supporting the development of the power sector in India and in promoting the use of clean and renewable energy sources.
