PFC
was set up in July 1986 as a Financial Institution
(FI) dedicated to Power Sector financing and committed
to the integrated development of the power and
associated sectors. The Corporation was notified as a
Public Financial Institution in 1990 under Companies
Act, 1956. The Corporation was registered as a Non
Banking Financial Company by RBI and has been
conferred with the status of Nav-Ratna
PSU by Govt. of India on 22nd June, 2007.
PFC is providing
large range of Financial Products and Services
like Project Term Loan, Lease Financing, Direct
Discounting of Bills, Short Term Loan,
Consultancy Services etc.for
various Power projects in Generation,
Transmission,
Distribution
sector
as well as for Renovation & Modernisation of existing
power projects.
Ministry of Power, Central Electricity Authority
and PFC are working together to facilitate
development of Ultra Mega Power Projects with
the capacity of
about
4000 MW each under Tariff based competitive
bidding route. Being large in size, these projects
will meet the power needs of number of states
through transmission of power on regional and
national grids.
