PFC Is Fully Equipped To Tackle The Emerging Challenges In The Power Sector

M K Goel,
CMD,
PFC

PFC is a crucial player in the power sector today. Tell something about the company? 

PFC was incorporated at a time when there was an urgent need to boost the power sector of the country. The long term vision of the Government involved the setting up of numerous power projects all over India, in order to ensure that the increasing demand for power of a rapidly developing country would be realized. This rapid expansion was expected to involve incredibly large capital expenditures, thereby prompting the establishment of a financial organization that would work as a catalyst in not just the funding of such projects, but also in the stream- lining of processes involved in getting such projects off the ground. This entity would need to interface directly with its borrowers, ensuring that they got funds on time, as well as maintain their own sustainability. This would involve everything from identifying both domestic and international sources of fuel, upgrading the skills of all the stakeholders in such a massive operation, and to come up with innovative financial instruments and services for the power sector, in order to maximize the rate of return. This is where PFC comes in. 

According to you what is the biggest USP of PFC? 

Our biggest USP is our dedication and support that we extend to our valued clients. PFC, with its vast and specialized knowledge in the Power Sector, stands ready and willing to support its clients to ensure greater returns for all stakeholders involved. PFC’s vast experience in the power sector helps it to come up with customized loan products for its diverse clientele pan India. 

How is PFC evolving, holistically? 

The Company is continuously evolving by branching out into allied spheres and ventures. Good examples of this evolution are the three wholly-owned subsidiaries of PFC – PFC Consulting Ltd., PFC Capital Advisory Services Ltd. and PFC Green Energy Ltd., which are now well on their way to becoming incredibly successful businesses in their own right. Establishing these subsidiaries ensures that PFC is fully prepared to tackle the changing face of the Power Sector of India well into the future. 

Besides the subsidiaries, PFC has established other ventures to fully utilize the opportunities available in the Power Sector. These Strategic Business Ventures include - apart from Conventional and Consortium lending to Generation, Transmission and Distribution projects – Lending to Power Equipment Manufacturers and Fuel Producers and Suppliers in India and abroad, Equity Funding, Nuclear Energy Funding, establishing Power Exchanges and Acquisition Advisory Services. 

What initiatives have you undertaken on the CSR/SD front? 

While PFC remains committed to its envisaged mandate, it has never lost sight of its responsibilities as a corporate citizen. The Company has been regularly participating in Corporate Social Responsibility activities and continues to do so. As a testament to PFC’s commitment to the society, the Company has its own CSR unit, dedicated solely to this noble cause. Besides this, the company continues to maintain the highest standards of corporate governance, with a special emphasis on authority and freedom of management, along with transparency, accountability and professionalism. This will ensure the enhancement of the long term economic value of all stakeholders and society as a whole.