New Delhi: State-owned power sector financier Power Finance Corporation (PFC) has signed a Memorandum of Understanding (MoU) with engineering consultancy major MECON Limited to strengthen cooperation in infrastructure and energy sectors. The partnership will focus on emerging domains such as green hydrogen, energy storage systems, and renewable energy integration.
The agreement was signed in the presence of senior officials from both organisations, including Parminder Chopra, CMD, PFC and Sanjay Kumar Verma, CMD & Director (Projects) – Additional Charge, MECON.
Strategic Objectives of the MoU
The collaboration is designed to:
- Combine PFC’s financial strength with MECON’s technical expertise.
- Accelerate development and implementation of large-scale infrastructure and clean energy projects.
- Support sustainable, future-ready energy solutions aligned with India’s low-carbon transition roadmap.
- Enhance project structuring, technical due diligence, and financing solutions for next-generation energy infrastructure.
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Focus Areas: Green and Renewable Energy
Key domains under this partnership include:
- Green Hydrogen: Supporting India’s push towards alternative fuel sources.
- Energy Storage Systems: Strengthening grid stability and renewable integration.
- Renewable Energy Projects: Promoting clean energy generation and infrastructure modernisation.
The collaboration is expected to expand MECON’s footprint in innovative energy domains while reinforcing PFC’s role as a leading financier of sustainable and green energy initiatives.
About Power Finance Corporation and MECON Limited
Power Finance Corporation is a central PSU and India’s premier financial institution for the power sector, providing funding for generation, transmission, and renewable energy projects.
MECON Limited is a public sector engineering consultancy specialising in project management, technical advisory, and engineering solutions across infrastructure, energy, and industrial sectors, with growing focus on clean and sustainable technologies.
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