The Power Finance Corporation (PFC) has approved loans totaling Rs 15,000 crore for various projects and has entered the field of funding airport projects. This decision was reached during a recent board meeting held in Shillong, Meghalaya, as part of PFC’s commitment to advancing the power sector in the North Eastern Region.
PFC’s strategy to diversify its portfolio includes providing funding for infrastructure projects. Notably, the company has granted its first financial support for a greenfield airport project in Andhra Pradesh.
Furthermore, the board of directors conducted a comprehensive review of strategic priorities, encompassing diversifying business activities, expanding into new market segments, expediting investments in renewable energy, assessing the impact of current domestic and international market conditions on PFC’s borrowing costs, and enhancing internal systems to ensure improved asset quality.
PFC actively contributes to India’s efforts to transition to cleaner energy sources and plays a crucial role in financing various sectors, including power and infrastructure. Additionally, the corporation is actively involved in implementing important government initiatives like the revamped distribution sector scheme (RDSS) and late payment surcharge (LPS) rules.
