Power Finance Corporation Ltd.

The Power Ministry has directed Power Finance Corporation (PFC) and REC to provide short-term loans to imported coal-based thermal plants that are under stress or facing insolvency suits amid the ongoing coal shortage crippling power generation in the country.

The direction assumes significance in view of the power ministry's earlier order that asked all imported coal-based plants to produce electricity at their 100 per cent generation capacity.

PFC is central PSU under Ministry of Power and India's leading NBFC.