PFC signs MoU with NHPC to fund hydro projects

Power Finance Corporation Limited (PFC) has signed a memorandum of understanding (MoU) with NHPC Limited to lend funds for the development of hydro projects by NHPC.

The MoU was signed on August 24, 2021. PFC will also provide financial assistance for the acquisition of stressed projects.NHPCis engaged in development of hydropower in India and has diversified into solar andwind power as well. It also provides consultancy services to hydro power and renewable energy (RE) projects.The signing of the MoU will strengthen the long-standing association between PFC and NHPC and serve to facilitate knowledge and technology transfer, contributing to sustainable development initiatives.

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