PFC, MECON Sign MoU to Drive Green Hydrogen Energy Storage Projects

New Delhi: State-owned power sector financier Power Finance Corporation (PFC) has signed a Memorandum of Understanding (MoU) with engineering consultancy major MECON Limited to strengthen cooperation across infrastructure and energy sectors, including emerging areas such as green hydrogen, energy storage systems, and renewable energy integration.

The MoU aims to leverage the technical expertise of MECON and the financial strength of PFC to accelerate the development and implementation of large-scale infrastructure and clean energy projects in India. The collaboration will focus on supporting sustainable and future-ready energy solutions aligned with the country’s transition towards a low-carbon economy.

The agreement was signed in the presence of Parminder Chopra, CMD, PFC; Sanjay Kumar Verma, CMD & Director (Projects) – Additional Charge, MECON; Rajiv Ranjan Jha, Director (Projects), PFC; Manoj Sharma, Director (Commercial), PFC; and Jayant Kumar Jha, Director (Commercial), MECON, along with senior officials from both organisations.

This strategic partnership is expected to enhance project structuring, technical due diligence, and financing solutions for next-generation energy infrastructure projects. It also underscores PFC’s growing focus on financing green and sustainable initiatives, while enabling MECON to expand its footprint in innovative energy domains.

The collaboration aligns with India’s broader energy transition roadmap and reinforces institutional efforts to promote clean energy technologies and infrastructure modernization.