Power Finance Corporation: A Government-Backed Green Bond Pioneer
Power Finance Corporation: A Government-Backed Green Bond Pioneer Introduction 1 Introduction of PFC 1 Key Green Bond Issuances by PFC 2 Utilization of Green Bond Proceeds 2 Domestic Market Activity 2 Conclusion 2 Introduction Power Finance Corporation (PFC) has been actively engaged in the issuance of green bonds, primarily in international markets, to support renewable energy projects in India. While PFC has not issued green bonds specifically targeted at the domestic Indian market, its international issuances have significantly contributed to India's renewable energy financing. Introduction of PFC Power Finance Corporation Ltd (PFC) is a government-owned entity . Ownership : PFC is a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, Government of India . Incorporated : July 1986, Non-Banking Financial Company (NBFC) – Infrastructure Finance Company (IFC). Primary Role : It provides financial assistance to the power sector, including ...