PFC is awarded ICC Gold for promoting and financing Green Energy
Power sector Maharatna has been top ranking financing institutions in Energy generation and distribution, including State Govt. projects
New Delhi: Power Finance Corporation, a Maharatna Company and India’s leading NBFC in the power sector, was conferred with the prestigious Indian Chamber of Commerce (ICC) Gold Award as the Top Financing institution in the Renewable Energy and Energy Efficiency category at the 11th Green Energy Summit.PFC was recognized with this award by ICC for its investments in RE & EE projects and integrating environmental, social and governance (ESG) criteria into the investment decisions. The award acknowledges PFC’s role in project financing including work on carbon credits, embedding sustainability and encouraging the deployment towards India’s net zero targets, according a company release.
The 8-member jury panel comprises stalwarts from the Power and Renewable & Energy Efficiency industry including Mr. Anil Razdan, Former Secretary Power, Govt. of India, Mr. Gireesh Pradhan, Former Chairman, CERC, KS Popli, Former CMD, IREDA, Smt. Neerja Mathur, Former Chairperson, CEA and Dr. Winfried Damm, Director, Indo-German Energy Program among others.
The Indian Chamber of Commerce (ICC) has come up with the Green Urja and Energy Efficiency Awards to recognize inspiring and sustained achievements for renewable energy development and energy efficiency deployment in the country. The Award acknowledges and rewards the Companies in Power Distribution, Power Producers including captive power producers, Manufacturers of Solar and Wind Systems/ Components and financing institutions of RE projects including Manufacturing and Storage.
(Mr. Saurav Shah, ED, RDSS receiving the Award)
Going forward, PFC aspires to contribute to the government’s thrust toward renewable and clean energy sources in a big way.
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