Power Finance Corporation (PFC) has signed an MoU with the Ministry of Power for FY 2023-24 & FY 2024-25 as per the DPE’s performance evaluation system.
The MoU was signed by Pankaj Agarwal, Secretary, Power and Smt. Parminder Chopra (CMD, PFC) in the presence of senior officials of the Ministry of Power and PFC.
DPE’s MoU performance evaluation system is used for setting annual targets for the CPSEs on various financial and operational parameters, and the CPSE’s overall performance is rated against such MoU targets.
PFC has been awarded the highest rating of “Excellent” during the last two years (i.e. FY 2020-21 & FY 2021-22), and rating for FY 2022-23 is expected to be released soon.
