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Power Finance Corporation (PFC), a Government of India undertaking under the administrative control of the ministry of power, provides a range of fund-based and non fund-based support to the Indian power sector. PFC was set up in July 1986 as a Financial Institution and was notified as a public financial institution in 1990. The chairman and managing director is V.K. Garg. PFC provides financial products and services like project term loans, lease financing, direct discounting of bills, short term loans, consultancy services, ..etc., for various power projects in the generation, transmission, distribution sectors as well as for renovation and modernization of existing power projects. PFC is a long-term financier for the power sector and lends mainly for projects in generation, transmission and distribution of power.

It also lends to renovation and modernization projects. The generation segment, thermal and hydel, accounts for two-thirds of its outstanding loans while transmission and distribution segments account for 11% and 6% respectively. The company along with ministry of power is working together on nine ultra mega power projects (UMPP) each having capacity of about 4,000 MW. The company spearheads the government`s ambitious push for UMPP and has floated separate special purpose vehicle subsidiaries for each of the identified UMPP projects. These subsidiaries are responsible for securing all statutory clearances and will be transferred to the successful bidders of these projects. The clients of the company include state power utilities, central power sector utilities, power departments, private power sector utilities (including independent power producers), joint sector power utilities, power equipment manufacturers and power utilities run by local municipalities. The registered office is at Urjanidhi, 1, Barakhamba Lane, Connaught Place, New Delhi-110001.

As per wikipedia, the electricity sector in India supplies the world's 5th largest energy consumer, accounting for 4.0% of global energy consumption by more than 17% of global population. the Energy policy of India is predominantly controlled by the Government of India's, Ministry of Power, Ministry of Coal and Ministry of New Renewable Energy and administered locally by Public Sector Undertakings (PSUs).