PFC and Goa government partners for blended finance facility for climate action

Power Finance Corporation Limited (PFC) has signed an MoU with the Goa government to support the state’s climate ambitions through a blended finance facility being set up in partnership with the World Bank. Under the MoU, PFC will utilise innovative blended finance mechanisms to fund key climate projects focused on renewable energy, green hydrogen, electric vehicles, waste-to-wealth technology and nature-based solutions aimed at facilitating the transition to clean energy. The Goa government will facilitate the successful implementation of the facility by identifying and developing a pipeline of climate projects, promoting policy decisions and fostering collaboration among stakeholders.