PFC Signs Agreement with Ministry of Power under CPSE Performance Framework

29 Aug 2025

Power Finance Corporation (PFC), India’s largest government-owned non-banking financial company, on Wednesday said it has signed a Memorandum of Understanding (MoU) with the Ministry of Power for FY26 under the Department of Public Enterprises’ performance evaluation framework for Central Public Sector Enterprises (CPSE).

The MoU establishes annual financial and operational targets for CPSEs, with overall performance evaluated based on these criteria. According to the official press release, PFC reaffirmed its commitment to supporting India's energy transition and net-zero objectives, utilising its robust balance sheet and extensive domain expertise to increase investments in clean energy projects.

The MoU was electronically signed by Pankaj Agarwal, Secretary of Power, and Parminder Chopra, Chairperson and Managing Director of PFC. The ceremony also saw the presence of key officials, including Sandeep Kumar, Director of Finance; Rajiv Ranjan Jha, Director of Projects; Manoj Sharma, Director of Commercial; and Y Venugopal, Executive Director.

PFC has firmly established itself as the country’s leading financier in the renewable energy sector, with a rapidly expanding loan portfolio that includes cutting-edge technologies such as green hydrogen, battery storage, and other innovative solutions at the forefront of the energy transition.

Power Finance Corporation (PFC), India’s largest government-owned non-banking financial company, on Wednesday said it has signed a Memorandum of Understanding (MoU) with the Ministry of Power for FY26 under the Department of Public Enterprises’ performance evaluation framework for Central Public Sector Enterprises (CPSE).

The MoU establishes annual financial and operational targets for CPSEs, with overall performance evaluated based on these criteria. According to the official press release, PFC reaffirmed its commitment to supporting India's energy transition and net-zero objectives, utilising its robust balance sheet and extensive domain expertise to increase investments in clean energy projects.

The MoU was electronically signed by Pankaj Agarwal, Secretary of Power, and Parminder Chopra, Chairperson and Managing Director of PFC. The ceremony also saw the presence of key officials, including Sandeep Kumar, Director of Finance; Rajiv Ranjan Jha, Director of Projects; Manoj Sharma, Director of Commercial; and Y Venugopal, Executive Director.

PFC has firmly established itself as the country’s leading financier in the renewable energy sector, with a rapidly expanding loan portfolio that includes cutting-edge technologies such as green hydrogen, battery storage, and other innovative solutions at the forefront of the energy transition.