PFC and MECON collaborate for green hydrogen, clean energy

Government-owned power sector lender Power Finance Corporation (PFC) has entered into an MoU with engineering consultancy firm MECON Limited to collaborate on advancing green hydrogen, energy storage and other emerging clean energy initiatives.

The partnership is designed to combine technical and engineering expertise of MECON with financial capabilities of PFC to fast-track the development of large-scale infrastructure projects, particularly in green hydrogen, energy storage systems, and renewable energy integration.

Both PFC and MECON aim to jointly support sustainable and future-ready projects that contribute to India’s transition toward a low-carbon economy.

Through this strategic collaboration, the organisations will focus on improved project structuring, comprehensive technical due diligence, and tailored financing solutions for next-generation energy infrastructure. The agreement highlights PFC’s increasing emphasis on funding green and sustainable ventures while enabling MECON to broaden its presence in innovative energy domains.

The MoU was signed in the presence of Parminder Chopra, CMD, PFC; Sanjay Kumar Verma, CMD & Director (Projects) – Additional Charge, MECON; Rajiv Ranjan Jha, Director (Projects), PFC; Manoj Sharma, Director (Commercial), PFC; and Jayant Kumar Jha, Director (Commercial), MECON, along with senior representatives from both entities.

The initiative aligns with India’s broader energy transition agenda and strengthens institutional efforts to promote clean technologies and modernise critical infrastructure.