MoP - Ministry of Power

Conferment of Navratna status to PFC in the presence of Shri P. Chidambaram, Finance Minister, Shri Sontosh Mohan Deb,
Minister of Heavy Industries and Smt. Kanti Singh, MOS (HE & PE)
23 MEMORANDUM OF UNDERSTANDING
WITH GOVT. OF INDIA (2007-08)
PFC has signed an MoU with the Govt. of India for FY
2007-08, on 30 th March 2007. The MoU sets an “Excellent”
level target of Rs.27,720 crore against Sanctions, Rs.14,440
crore against Disbursements and 12.50% against Net Profit
to Net Worth ratio.
A new parameter has been introduced this year aiming on
“Training Programme”, i.e. Utilities Personnel, focusing
PFC’s proactive role for development of manpower in the
Power Sector. Larger emphasis has been attached to the
parameter on value of new Consultancy assignments by
substantially enhancing the target to Rs.18 crore.
24 FUTURE PERSPECTIVE
In the years ahead, PFC’s efforts will be directed towards
further consolidating its position as the premier Financial
Institution for the Power sector. As a financial institution
that focuses on power projects. PFC intends to continue to
assist State power utilities to adhere to the policy directives
of the Government.
PFC shall strengthen its presence in its existing business
portfolio of Generation, Transmission, Distribution, R&M etc.
with increased focus on funding of T&D Network particularly
strengthening / expansion of sub transmission and distribution
system for integrated development of towns/ cities.
131