State-owned Power Finance Corporation (PFC) announced on Thursday that it has entered into an initial agreement to provide ₹26,800 crore in financial support to power utilities in Madhya Pradesh.
The funding will be utilized for capital expenditure projects across key state entities, including Madhya Pradesh Power Generation Company Ltd (MPPGCL), Madhya Pradesh Power Transmission Company Ltd. (MPPTCL), and the state’s power distribution companies (discoms), according to a statement from PFC.
Under a Memorandum of Understanding (MoU) signed with the Madhya Pradesh government, PFC will extend financial assistance aimed at strengthening the state’s power infrastructure. The funds will support the development of supercritical thermal power units, solar power projects, modernization of hydropower stations, expansion of power transmission networks, smart metering initiatives, and loss reduction measures under the Revamped Distribution Sector Scheme (RDSS). These projects are expected to enhance energy security at both the state and national levels.
The agreement was formalized at the Madhya Pradesh Global Investors Summit 2025 in Bhopal, in the presence of Chief Minister Mohan Yadav.
PFC emphasized that this collaboration reflects its continued commitment to advancing India’s energy sector and supporting the country’s economic growth ambitions.
