Power Finance Corporation or the PFC happens to be a very essential part of the power sector of India. The company, from its inception, has progressed a great deal in the process of electrification and better infrastructure. The company has also been a key player in the government policy implementation in regards to energy security and electricity access. It’s recent collaborative efforts with the MOP and state government has yielded positive outcomes.

Net Worth of Power Finance Corporation

Power Finance Corporation’s net worth was estimated to be approximately $14 billion USD.

CEO of Power Finance Corporation

Parminder Chopra is PFC’s Chairman and MD. She guides the company’s strategy and development.

Founder of Power Finance Corporation

The Indian government created Power Finance Corporation as a public-sector financial institution. The Indian government created PFC to support power sector growth via a specialized funding company. The company was created after government efforts to reform the electrical business.

Head Office Location

Power Finance Corporation is headquartered in New Delhi, India. The precise address is:

Power Finance Corporation Limited, Urjanidhi, 1, Barakhamba Lane, Connaught Place, New Delhi – 110001, India.

As PFC’s administrative and operational headquarters, its main office manages nationwide activities.

History of Power Finance Corporation

Power Finance Corporation was founded on July 16, 1986, to support the power sector. PFC received a ‘Mini Ratna’ in 1998 for financial stability and operational excellence. From the outset, PFC wanted to ensure energy supplies and improve the economy. To do this, PFC sponsors government and commercial power projects. Besides funding, the firm offers guidance, project development, and renewable energy advocacy.

PFC has helped the government electrify rural India. PFC backs ‘Power for All’ and ‘DDUGJY’ India’s electrical sector and economy have benefited from electricity Finance Corporation. PFC funds power production, transmission, and distribution. The firm provides loans, grants, and project development to strengthen the electricity industry. PFC has helped state governments’ power remote and neglected populations via rural electrification programs. Successful PFC-funded programs include DDUGJY. Because of their worth, PFC actively promotes renewable energy technologies like solar and wind power. India backs green energy. PFC helped build and upgrade power plants, substations, and transmission lines. This infrastructure is needed for reliable energy.

After financing, PFC offers power project advise and technical assistance. Power initiative success requires project analysis, feasibility studies, and technical capabilities. In the recent years, PFC has faced a number of commercial challenges. Eco friendliness in the process, financial model modifications and better technology have been the need of the hour. And yet, the company has handled these demands with capable hands and evolved time to time, offering striking solutions.

Also see: Indian Railway Finance Corporation Net Worth, CEO, Founder, Head Office, History