Power Finance Corporation (PFC) plans to raise Rs 30,000-crore by FY11. As per Satnam Singh. CMD, PFC, "We are planning to raise Rs 30,000-crore through bonds and other financial instruments for our future requirements."
PFC is now waiting for Reserve Bank's approval to raise more funds in future. The priorities of the company and the sector are closely aligned. Addition of large capacities to bridge the power deficits is one of their major priorities.
For achieving this, PFC wants faster clearances of funds within 16- 18 months which will bring pace to setting up power projects.