By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.

PFC Signs MoU with NHPC to Support Hydro Projects

Power Finance Corporation Ltd. (PFC) has signed a Memorandum of Understanding (MoU) with NHPC to lend funds for the development of Hydro Projects by NHPC.

NHPC PFC will also provide financial assistance for the acquisition of stressed projects.

NHPC, a Schedule-A Miniratna Category-I CPSE, is engaged in the development of hydropower in India and has also diversified into Solar & Wind Power.

NHPC also provides consultancy services to Hydro Power and Renewable Energy Projects.

Subir Saha, Executive Director (Projects- SR, ER&NER, CSP&C), signed the MoU on behalf of PFC while V. K. Maini, ED (Strategy, BD & Consultancy) signed on behalf of NHPC Ltd..

The MoU was signed in the presence of P. K. Singh, Director (Commercial) & Addl. Charge (Projects), PFC, R. R. Jha, (ED-In-charge Projects), Manoj Sharma, ED (L&D), Praveen Verma, SGM (L&D) and Nitin Kumar, GM (Central Sector Unit), PFC.

The signing of the MoU will further bolster the long-standing association between PFC and NHPC and will herald a transformational opportunity between the two organizations.

The association will also serve to facilitate knowledge and technology transfer, contributing to sustainable development initiatives in the country.

Tags

Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

Related Articles