New Delhi : Power Finance Corporation (PFC), a Maharatna Company and a leading Non-Banking Financial Company (NBFC) in the Indian power sector, has signed a Memorandum of Understanding (MoU) with MECON Limited, a Miniratna CPSE under the Ministry of Steel, Government of India on 13th February 2026 at PFC Office, Delhi to strengthen collaboration in infrastructure and energy sectors.
The MoU establishes a strategic framework for cooperation in projects covered under the Harmonized Master List of Infrastructure, including Energy, Transport & Logistics, Water & Sanitation, Communication, and Social Infrastructure. MECON will provide technical and consultancy support such as preparation and review of Feasibility Reports and Detailed Project Reports (DPRs), Lender’s Engineer services, project management consultancy, and audits for projects proposed for financial assistance by PFC and its subsidiaries.
The partnership will also explore sustainable and emerging areas including Waste-to-Energy, fuel efficiency in thermal power plants, environmental audits, carbon management, green hydrogen, energy storage, and renewable integration.
The MoU was signed in the presence of Smt. Parminder Chopra, CMD, PFC; Shri Sanjay Kumar Verma, CMD & Director (Projects) – Addl. Charge, MECON; Shri Rajiv Ranjan Jha, Director (Projects), PFC; Shri Manoj Sharma, Director (Commercial), PFC; Shri Jayant Kumar Jha, Director (Commercial), MECON; and senior officials of PFC and MECON. The MoU reflects the shared commitment of PFC and MECON to combine financial expertise and engineering excellence to accelerate infrastructure development and support India’s energy transition and sustainable growth objectives.