Power finance corporation

Power Finance Corporation (PFC) is a non-banking financial company (NBFC) based in India, primarily engaged in providing financial assistance to the power sector. Established in 1986, PFC plays a crucial role in funding various power projects across the country. The company is a key financial institution in the energy sector, supporting the growth and development of power infrastructure in India. PFC offers a range of financial products and services to power projects, including loans, project finance, and investment services. The company provides financial assistance to both public and private sector power projects, contributing significantly to the expansion and modernization of the power sector in India. PFC has been instrumental in financing power generation, transmission, and distribution projects, thereby ensuring a reliable and sustainable power supply in the country. Over the years, PFC has emerged as a leading financial institution in the power sector, with a strong focus on promoting renewable energy projects. The company has been actively involved in financing solar, wind, hydro, and other renewable energy projects, in line with the government's emphasis on clean energy and sustainability. PFC's support to renewable energy projects has helped in diversifying the energy mix in India and reducing the country's dependence on fossil fuels.