For timely execution of any power project, smooth financing is very essential. Under the prudent control of the present government, now the funding in this sector is no longer a big challenge. Power Finance Corporation Ltd., (PFC) is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the country. PFC is the most preferred Financial Institution; providing affordable and competitive products and services with efficient and internationally integrated sourcing and servicing, partnering the reforms in the Indian Power Sector.
It was a very nice decision on the part of PFC to organise a conference of Eastern & North Eastern State Sector Utilities’ on the corporation’s Financing in Dynamic Regulatory Environment in Kovalam, Kerala.
During the conference, PFC shared details about its products, including long-term and short-term loans, revolving credit facilities, the Sanction & Disbursement Mechanism. PFC officials informed participants also about the mandate recently entrusted to the corporation, of funding the Logistics and Infrastructure sectors. Information was given also about the various schemes of the Ministry of Power such as Revamped Distribution Sector Scheme (RDSS). PFC also urged State Utilities to comply with the Additional Prudential Norms (APN) stipulated by the Ministry of Power, so as to strengthen the State Utilities. PFC also assured them of providing consultancy and technical assistance in implementing these projects.
This type of platforms widens the scope of understanding the finance products – and provides scope for open discussion, which ultimately helps the utilities plan new projects and chalk out their financing plans.
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