Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is considering the possibility to enter into banking sector for its long-term sustainability and continuous growth and the company has initiated the process to appoint a consultant in this regard, Parliament was informed on Friday.

In 2009-10, PFC had sanctioned Rs 59,228 crore and Rs 24,487 crore was disbursed as loan during the same period. To bridge the demand-supply gap of indigenous coal, the power companies have been advised to import 35 million tonnes of coal during this financial year. 13 power projects, having a combined power generation capacity of 21,505 MW, are planned to be operated with imported coal. The shortage of electricity was 11 per cent during the April-July 2010, while, the shortage of power during peak hours was 13.8 per cent.