Power Finance Corporation

Power Finance Corporation (PFC) is India's largest infrastructure finance company and a Navratna CPSE under the Ministry of Power. It serves as the principal development finance institution for India's power sector, channelling debt capital into generation, transmission, distribution, and increasingly renewable energy and clean energy transition projects.

PFC's mission is to fund and accelerate India's power sector development, with growing emphasis on renewable energy, energy storage, green hydrogen, smart grids, and energy efficiency — aligned with India's 500 GW non-fossil capacity target by 2030 and net-zero goals.

Headquartered in New Delhi, PFC operates pan-India through regional offices and state-level engagement. It finances central and state utilities, IPPs, and private developers across all Indian states. It also holds a controlling stake in REC Limited, effectively doubling its financing reach across the power and renewables ecosystem.

Roles are shown generally — verify the current appointees on the agency's own site.

• Renewable energy (solar, wind, hybrid)
• Energy storage and BESS financing
• Power transmission and smart grids
• Green hydrogen and emerging clean tech
• Distribution sector modernisation (RDSS)

• Long-tenor project finance loans (up to 20–25 years)
• Green bonds and sustainability-linked bonds
• Refinancing and take-out financing
• On-lending through state utilities and intermediaries

Developers, IPPs, and state utilities can approach PFC's regional or head-office commercial teams with a detailed project report and financial model. Private CXOs should engage early — PFC favours projects with strong offtake agreements, creditworthy counterparties, and clear regulatory approvals. A strategic advisor can significantly improve application quality and speed.