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Power Finance Corporation

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Power Finance Corporation is an Indian Financial Institution. It is the financial back bone of Indian Power Sector Industry. Net worth of the company in the year 2007-2008 was 8688 Crore Indian Rupees. The company has been conferred with various awards since its inception in year 1986. The latest in the series is "Golden Peacock Award for Excellence in Corporate Governance".It is also an ISO 9001:2000 certified company and enjoys the status of Navratna Company in India.

Organization Structure: Chairman and Managing Director of the company at present is Dr. V.K. Garg. The company has three wings - Institutional Development & Administration(IDA) Division, Projects Division, Finance & Financial Operations division. IDA Division looks after the Power reforms, review and analysis. Project Division controls the operation in various states. Finance & Financial Operations Division looks after the Fund Mobilization and Disbursement. Number of employees during year 2007-2008 were 309.

Borrowings: PFC raises funds with the help of borrowing from short term and long term loans. It has also raised External Commercial Borrowings (ECB) through private placement in US market.

Projects: It provides the financial support to various Power Projects (Like Thermal, Hydro, Solar, Wind) which includes Ultra Mega Power Projects, R&M Projects and Independent Transmission Projects.

The company also has the mechanism of rating different state Power Utilities on its performance.

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