PFC signs MoU with Ministry of Power for 2022-23

Power Finance Corporation (PFC) Limited has signed a memorandum of understanding (MoU) for 2022-23 with the Ministry of Power in line with the Department of Public Enterprises (DPE) guidelines. 

PFC has been showing a strategic shift in its loan portfolio with focus on the renewables space, setting itself as one of the largest funding agencies for renewables in the country. Recently the company got its memorandum of association changed to fund the infrastructure and logistics space as well. PFC is a key partner to Government of India for the implementation of several schemes such as revamped distribution sector scheme (RDSS), liquidity infusion scheme under Atmanirbhar Bharat, late payment surcharge (LPS) rules, independent transmission projects, among others.