PFC signs MoU with MECON to boost technical-financial collaboration in infra & energy projects

New Delhi: Power Finance Corporation (PFC) on Saturday said that it has signed a Memorandum of Understanding (MoU) with MECON Limited to strengthen technical and financial cooperation in infrastructure and energy sectors.

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The MoU has been signed on February 13 at PFC’s corporate office in Delhi. The MoU establishes a framework for collaboration across projects under the Harmonized Master List of Infrastructure. These include sectors such as energy, transport and logistics, water and sanitation, communication, and social infrastructure.

Under the agreement, MECON will provide technical and consultancy support for projects considered for financial assistance by PFC and its subsidiaries. The services will include preparation and review of feasibility studies and Detailed Project Reports (DPRs), lender’s engineer services, project management consultancy, and technical audits.

The partnership will also focus on emerging and sustainable areas such as waste-to-energy projects, fuel efficiency improvements in thermal power plants, environmental audits, carbon management initiatives, green hydrogen, energy storage systems, and renewable energy integration.

The MoU has been signed in the presence of senior officials from both organisations, including PFC's Chairman and Managing Director (CMD) Parminder Chopra and MECON's CMD and Director (Projects) – Additional Charge Sanjay Kumar Verma. Other key officials present included Rajiv Ranjan Jha and Manoj Sharma from PFC, and Jayant Kumar Jha from MECON.

According to the statement, the collaboration is intended to combine PFC’s financial expertise with MECON’s engineering and consultancy capabilities to accelerate infrastructure development and strengthen project delivery efficiency.

The move is expected to support the development of technically robust and financially viable infrastructure projects while advancing national priorities around clean energy adoption and sustainable growth.

With the agreement, both organisations aim to play a greater role in enabling large-scale infrastructure expansion while addressing the evolving technical requirements of India’s energy sector.

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