Memorandum Of Understanding (MOU)
PFC SIGNS MoU with the Ministry of Power for the FY 2016-17
New delhi . The Power Finance Corporation Ltd. (PFC) signed its performance related `Memorandum of Understanding` (MoU) with the Ministry of Power for the FY 2016-17 on 1st September, 2016. The MoU was signed by Shri P.K. Pujari, Secretary (Power), Govt. of India and Shri M.K. Goel, CMD, PFC in the presence of Dr. A.K. Verma, Jt. Secretary (Distribution), MOP, Shri R Nagarajan, Director (Finance), Shri A K Agarwal, Director (Projects)and Shri D. Ravi, Director (Commercial) of PFC.
The monitoring of performance vis-à-vis MoU targets would be carried out quarterly during the Performance Review Meetings being held in the Ministry of Power. PFC has been a MoU-signing Enterprise since 1993-94 and since then it has been consistently rated in the highest category of ‘Excellent’ (`Very Good` for the year 2004-05) for its overall performance.
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