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| PFC CMD KM Goel |
FINALLY, Power Finance Corporation
Limited has got its regular CMD (chairman and managing director) in
the form of MK Goel. He will serve the PSU for a period of five
years or till his superannuation, whichever is earlier.
MK Goel has assumed the charge of CMD,
PFC with effect from January 22.
Earlier, Goel was holding the
additional charge of CMD, PFC since September 23, 2013 in addition to
his regular charge of...
director (commercial), PFC.
"Government of India has appointed
MK Goel as Chairman and Managing Director, Power Finance Corporation
for a period of 5 years or till his superannuation, whichever is
earlier," PFC said in a release.
An electrical engineer by profession,
MK Goel has an experience of about 35 years in the power sector and
is working in PFC for more than 26 years.
He has been associated for a long
period with Government of India flagship schemes like RAPDRP (Restructured Accelerated Power Development Programme), UMPP (Ultra Mega Power Plants) and recently launched IPDS.
The Navratna PSU has been conferred
with many prestigious awards including "KPMG-Infrastructure
Today Award 2008" for its contribution in development of power
sector.
PFC has been providing financial
assistance to power projects across the country including generation,
transmission, distribution. Recently, it has forayed into financing
of other infrastructure projects which have backward linkages to the
power sector like coal mine development, fuel transportation. PFC is
also the nodal agency for the implementation of the ambitious UMPPs.
In a related development, the
government is likely to sell five percent of its stake in Power
Finance Corporation (PFC) next week which could fetch Rs 1,850 crore
to the exchequer, says a media report.
The PFC stake sale through Offer for
Sale (OFS) or auction route may happen as soon as next week, a source
said. At current market price, a sale of 5
per cent stake or 6.6 crore shares would fetch the exchequer over Rs
1,850 crore.
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