Power Finance Corporation Ltd.

The Centre has deallocated Bankhui coal block in Odisha allotted to Power Finance Corporation’s (PFC) wholly owned subsidiary -- Sakhigopal Integrated Power Company for a 4000 MW power project on account of delays in the development of the mine. The Centre has noted that even after lapse of nine years since allocation of the coal block (Bankhui), no progress has been made to operationalise the coal block. It has been decided, with the approval of the competent authority, to deallocate Bankhui coal block.

The coal ministry had in 2010 allocated the coal block in Odisha for a 4000 MW power project to be set up by Sakhigopal Integrated Power Company.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.