Power Finance Corporation to revamp its lending portfolio

Plans to shift gears from NPA-hit thermal to T&D and renewable energy

Power sector’s key financier Power Finance Corporation (PFC) is looking to shift its focus from conventional energy to other upcoming sectors such as transmission, last-mile distribution infrastructure and renewable energy. Lagging power demand and rising non-performing assets (NPAs) in the thermal power sector has pushed it to revamp its lending portfolio.

“Our funding for last-mile transmission and distribution projects in states is increasing. The ‘24X7 Power for all’ scheme alone envisages an investment of Rs 12 lakh crore. Apart from that, retrofit of existing thermal units for becoming energy efficient, refinancing of old projects would throw up interesting opportunities,” Rajeev