Power Sector Maharatna PFC signs MoU with Power Ministry for FY’26

New Delhi : India’s largest NBFC Maharatna Powerr Finance Corpn.   Ltd. (PFC)  has signed an  Memorandum of Understanding  for FY 2025-26 with  Ministry of Power, for country’s energy transition and net zero mission and has the largest renewable sector loan book, according to a company press note.

The MoU was e-signed by  Pankaj Agarwal, Secretary, Power and Smt. Parminder Chopra, CMD,  as per the Department of Public Enterprises  performance evaluation framework for Central Public Sector Enterprises .

 Power Finance Corporation Ltd.  is India’s largest government-owned Non-Banking Financial Company (NBFC) based on asset size (consolidated). Established in 1986, it operates under the administrative control of Ministry of Power. PFC is a Maharatna CPSE (Central Public Sector Enterprise) and serves as the principal financial institution for India’s power sector.

PFC has evolved beyond conventional power financing to emerge as India’s largest renewable energy financier. PFC is driving India’s energy transition through enhanced funding of green projects including emerging technology projects like green hydrogen and battery storage. With its strong balance sheet, domain expertise and strategic alignment with government initiatives, PFC plays a pivotal role in ensuring reliable, affordable and sustainable energy for India say the release.

The DPE’s MoU performance evaluation framework is used for setting annual targets for the CPSEs on various financial and operational parameters, and the CPSE’s overall performance is rated against such MoU targets. PFC has been consistently achieving the highest rating of “Excellent” under the framework.

Among the dignitaries  present  at the MoU exchange ceremony  were,  Sandeep Kumar, Director (Finance),  Rajiv Ranjan Jha, Director (Projects),  Manoj Sharma, Director (Commercial) and Y. Venugopal, Executive Director .