State-owned Power Finance Corp (PFC) today said it was keen on picking up as much as 26 per cent equity in power generation projects in the country.
“Right now, we are working out a policy to decide on picking equity stake in power (generation) projects, we would prepare a framework and any company which fits the criteria would be approached,” CMD Power Finance Corp Satnam Singh said.
PFC provides and arranges finance for projects in the power sector.
The company would partly utilise its net worth of Rs 12,000 crore for acquiring stakes in electricity generation plants.
Meanwhile PFC today also said it would sanction loans to the tune of Rs 68,000 crore in the next financial year.
"Our loan sanction target for the next fiscal (2010-11) is Rs 68,000 crore and disbursement is Rs 29,000 crore," Satnam Singh told reporters here.
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PFC finances power generation, transmission and distribution projects across the country.
Loans sanctioned by the company during the current financial year (2009-10) so far have been worth Rs 60,000 crore, of which Rs 20,000 crore have been disbursed.