Power Finance Corporation Limited is a non-banking finance company that specializes in providing financial products, advisory services, and other related services to the power sector in India. The company offers a range of fund-based financial policies and products, which include guidelines for solar and wind power generation projects, funding for private sector independent transmission projects, debt refinancing and prepayment policies for solar and wind projects, as well as services such as takeout financing, asset acquisition, bridge loans, buyer's line of credit, credit facilities for purchasing power through power exchange, energy-saving projects, and project and short-term loans.
Furthermore, the company also provides financing options for the purchase of equipment, grants and interest-free loans for studies and consultancies, lease financing for equipment and wind power projects, lines of credit for importing coal, debt underwriting policies, and financial assistance to distribution franchisees.
In addition to its fund-based offerings, Power Finance Corporation Limited also offers non-fund based policies and products, including guarantees, letters of comfort, and credit enhancement policies, as well as non-fund based consultancy services.
Established in 1986, Power Finance Corporation Limited is headquartered in New Delhi, India.