Power Finance Corporation Limited

Power Finance Corporation Limited is an undertaking of the Government of India. The Power Finance Corporation Limited is a Financial Institution (FI) established in the year 1986. The main purpose of the Power Finance Corporation Limited is to provide financial aid to the Power sector for the integral development of power based infrastructure. In the year 1990 the Power Finance Corporation Limited was notified as a Public Financial Institution under the Companies Act of 1956. The organization is registered by the Reserve Bank of India as a non banking financial company.

The board of directors of the Power Finance Corporation Limited

• Dr.V.K.Garg, Chairman and Managing Director
• Shri Shyam Wadhera, Director (Projects)
• Shri Satnam Singh, Director(F&FO)
• Shri M.K.Goel, Director(ID&A))
• Shri Ashok Kumar Khurana, Director(Govt.Nominee)
• Prof. Prakash G.Apte, Director
• Shri G.P.Gupta, Director
• Shri S.K.Bhargava, Director
• Shri S.P.Parashar, Director
• Shri B.K.Mittal, Director

The Power Finance Corporation Limited can be contacted at the mentioned address

Power Finance Corporation Ltd.
'Urjanidhi',
1, Barakhamba Lane, Connaught Place
New Delhi-110 001
Phone No. 91-11-23456000

The important clients of Power Finance Corporation Limited

• State Electricity Boards
• Power utilities of the State
• State power and electricity departments
• Other State Departments such as Irrigation Department those are engaged in power project developments
• Power utilities of the Central
• Power utilities of the Joint Sector
• Power instrumentation manufacturers
• Power Utilities of the private sector

Financial products of the Power Finance Corporation Limited

• Fund Based
  
  
  • Project term loan pertaining to the Indian currency as well as foreign currencies
  • Short term loan
  • Medium and short term loan for power instrumentation manufacturers
  • Direct discounting of bills scheme for buyers
  • Direct discounting of bills scheme for sellers
  • Schemes on lease financing
  • Buyer's Line of Credit
  • Schemes for debt refinancing
  • Schemes on asset acquisition
  • Project Rupee Bridge Loan Scheme
  • Line of credit for import of coal
  • Financial aid for consultancies, studies, and training
  
  
• Non-fund Based
  
  
  • Guarantee

The Power Finance Corporation Limited also provides non-fund based consultancy services to various clients

Guidelines by the Power Finance Corporation Limited for the disbursement of funds

• Submission of the details of the works, products, services, procurement of materials, etc in the Power Finance Corporation format at Annexure -I
• Submission of the names of the officers and their official designations those who are authorized to present the claims
• Submission of the drawal schedule pertaining to the whole loan amount for every quarter