Renewable energy to make up 20% of PFC loan book in 3 yrs
Times of India | 16 January 2026
Kolkata: Renewable energy will make up 20% of Power Finance Corporation's (PFC) loan book over the next three years, up from 15% now. PFC chairperson Parminder Chopra said renewables and distribution will be focus areas for the company. Chopra was in Kolkata on Thursday for the issue of Rs 5,000 crore non-convertible debentures (NCD), which would open on Jan 16.
The Maharatna CPSU's total portfolio was of Rs 5.6 lakh crore as of Sept 30, 2025. Of which, renewable energy constituted Rs 85,000 crore.
According to Chopra, the renewable energy portfolio saw 32% growth between Sept 2024 and Sept 2025, up from Rs 63,000 crore by Rs 22,000 crore.
Generation and distribution constitute 86% of the loan assets of the company. State distribution companies and generation companies formed the major portion of the loan book at Rs 3.8 lakh crore.
PFC has now gone beyond power finance and entered the infrastructure and logistics sector as well, which accounts for Rs 14,700 crore.
Chopra said PFC's non-performing assets (NPAs) were down to 0.3%, while gross NPAs in 2023-24 were at 1.8%, around 10,400 crore.
NPAs were largely from the generation segment and 11 projects, totalling Rs 8,400 crore, are in the National Company Law Tribunal (NCLT). "The biggest of these is Rs 3,000 crore," Chopra added.
The PFC chairperson said the financial sector of the power sector has improved. In the eastern region, she said, Bengal and Assam distribution companies have no payment issues with PFC.