Power Finance Corporation

PFC Issues Tender for Solar Power Developers for 1250 MW Solar Projects

PFC Consulting Limited, a wholly owned subsidiary of PFC Limited, a Maharatna company, under Ministry of Power, has issued a tender for the selection of solar power developers for setting up of 1250 MW ISTS-connected solar PV power projects in India under tariff-based competitive bidding under the scheme for flexibility in generation and scheduling of […]

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EESL Forges INR 700 Cr Partnerships at 14th Clean Energy Ministerial Meeting

Energy Efficiency Services Limited (EESL), a joint venture of Public Sector Undertakings under the Ministry of Power, hosted an event titled “Accelerating India’s Net Zero Transition through Energy Efficiency, Sustainable Cooling & Mobility” during the 14th Clean Energy Ministerial (CEM) meeting in Goa. Stanzin Chosphel, Executive Councillor, Ladakh Autonomous Hill Development Council, Leh; Pradeep Kumar […]

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PFC Backs Vibrant Energy With Over INR 2,200 Cr Funding For 300 MW Hybrid Projects

An owner and developer of corporate renewable energy solutions, Vibrant Energy, has secured more than INR 2,200 crores of project financing from Power Finance Corporation Ltd. (PFC). This funding will aid the firm in establishing 300 MW (AC) of wind-solar hybrid projects in Madhya Pradesh and Karnataka. Vibrant Energy claims this financing will be among […]

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PFC’s Consolidated Profit Climbs 7% at Rs 5241 Cr in Dec Quarter

State-owned non-banking financial firm Power Finance Corporation (PFC) has reported a 7% increase in its consolidated profit, standing at Rs 5,241.10 crore in December quarter. Higher revenues have contributed to this increase. PFC’s consolidated net profit was pegged at Rs 4,893.91 crore in FY22 October-December quarter. The cumulative income of the firm rose to Rs […]

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Power Sector Non-banking Financier PFC Raises $500 Mn Through Bonds

Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation (PFC), has raised USD 500 million on January 29, 2021, through the issuance of dollar-denominated Bonds with a fixed maturity of May 16, 2031. This is the longest tenor bond issuance from India since the start of 2021.  The bonds have a fixed coupon of 3.35 percent per […]

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Ravinder Singh Dhillon Assumes Charge as Chairman & MD, PFC

State-run Power Finance Corporation (PFC) on Monday announced the appointment of Ravinder Singh Dhillon as Chairman and Managing Director (CMD) on the board of PFC effective from June 1, 2020. R.S. Dhillon has been appointed following the superannuation of Rajiv Sharma as Chairman and Managing Director on the PFC’s Board with effect from May 31, […]

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KPI Global Commissions Addl 1.2MW Solar Project in Gujarat

Gujarat-based KPI Global Infrastructure Ltd has commissioned its additional 1.2 MW solar power project in Gujarat under captive power producer (CPP) category. The project, situated at Sudi village in Bharuch district of Gujarat, has been commissioned effective from November 29, 2019. For this, the company has received the Certificate of Commissioning from Gujarat Energy Development […]

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CCEA Approves Sale of Govt’s 52.63% Stake in REC to PFC

It may also allow for cheaper fund raising with increase in bargaining power for the combined entity. The Cabinet has provided its ‘In Principle’ approval for the strategic sale of the government’s existing 52.63 percent total paid-up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC). The government said in a notification […]

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PFC Appoints PK Singh as Director-Commercial

Praveen had been placed as Executive Director- Projects and has worked in multiple units of the Projects division of the firm for over 24 years. State-run power sector lender, Power Finance Corporation (PFC) has appointed Praveen Kumar Singh as Director-Commercial of the company with effect from August 10. Before the director-commercial, Praveen had been placed […]

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