power finance corporation (POWF) Details

Power Finance Corporation Limited provides a range of financial products, and related advisory and other services to the power sector in India. Its fund based products include asset acquisition; bridge, corporate, short term, and rupee and foreign currency term loans; short/medium term loan to equipment manufacturers; short term loan for SPV; buyer's line of credit; credit facility for purchase of power through PXI; debt refinancing; direct discounting of bills for buyers and sellers; energy saving projects; fuel supply projects and equipment manufacturers financing; grants/interest free loans for studies/consultancies; lease financing for wind power projects and purchase of equipment; line of credit for import of coal; and solar PV policy to power generation projects and private sector. The company’s non-fund based products comprise deferred payment guarantee, guarantee for performance of contract/obligations, and letter of comfort. It is also involved in the provision of acquisition advisory services; financing of equipment manufacturing facilities, fuel sources development and distribution projects, and renewable energy sector projects; and consortium lending. In addition, the company provides consultancy services in the areas of procurement of power by distribution licensees through tariff based competitive bidding; execution of ultra mega power projects, independent transmission projects, renewable and non-conventional energy schemes, and coal block JVs; selection of developers for coal blocks and linked power projects; selection of EPC contractors; reform, restructuring, and regulatory aspects; and capacity building and human resource development. It serves state electricity boards, power utilities, electricity/power departments, and other departments engaged in the development of power projects; central, joint sector, and private sector power utilities; and equipment manufacturers. The company was founded in 1986 and is based in New Delhi, India.

power finance corporation (POWF) Top Compensated Officers