PFC Signs MoU with Ministry of Power for FY26 Under DPE Performance Evaluation Framework
Power Finance Corporation (PFC) has signed an MoU with the Ministry of Power for FY 2025-26 under the Department of Public Enterprises’ performance evaluation framework for CPSEs.
August 27, 2025. By Mrinmoy Dey
PFC, India’s largest government-owned Non-Banking Financial Company (NBFC) by asset size, operates under the administrative control of the Ministry of Power and holds Maharatna CPSE status. Since its establishment in 1986, it has served as the principal financial institution for the country’s power sector.
In recent years, PFC has expanded its role from conventional power financing to become India’s largest renewable energy financier, with growing exposure to green projects, including emerging technologies such as green hydrogen and battery storage, the company said in a statement.
It further added that with its robust balance sheet, sectoral expertise, and alignment with government priorities, PFC continues to play a central role in ensuring reliable, affordable, and sustainable energy access across India.
The DPE’s MoU framework sets annual financial and operational targets for CPSEs, with performance rated against these benchmarks. PFC has consistently secured the highest ‘Excellent’ rating under this evaluation system, it said.
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