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Investment Firm
Overview
Power Finance provides financial products and related advisory, and other services to the power sector in India. It offers fund based financial policies/products, including asset acquisition; bridge, corporate, short term, and rupee and foreign currency term loans; short term loan for SPV; buyer’s line of credit; and credit facility for purchase of power.
Power Finance's fund based financial policies/products also include debt refinancing; energy saving projects; fuel supply projects and equipment manufacturers financing; grants/interest free loans for studies/consultancies; lease financing for wind power projects and purchase of equipment; line of credit for import of coal; takeout financing; and solar PV policy to private sector. Its non-fund based products comprise guarantee, guarantee for credit enhancement, and letter of comfort.
Power Finance also provides consultancy services in the areas of procurement of power by distribution licensees; renewable and non-conventional energy schemes; selection of developers for coal blocks; selection of EPC contractors; reform, restructuring, and regulatory aspects; capacity building and human resource development; and execution of ultra-mega power projects, and independent transmission projects. It serves state electricity boards, state power utilities, central power sector utilities, power departments, equipment manufacturers, private power sector utilities, joint sector power utilities, and other state departments engaged in the development of power projects.
Power Finance began operation in 1986. It has its headquarters in New Delhi in India.
Highlights
1986
Financial Services
501-1000
9
7
3
N/A
N/A
Location
India, Asia
Contact Information
Social
Profile Resume
Power Finance, established in 1986 and headquartered in India, Asia., specializes in investments across Energy, Drones, Power Grid, Solar, Sustainability, Wind Energy, Renewable Energy, Government, Building Maintenance, Office Administration. The organization boasts a portfolio of 9 investments, with an average round size of $1.2B and 3 successful exits. Their recent investments include Sterlite Power, Serentica Renewables, Damodar Valley Corporation, Apraava Energy, REC. The highest investment round they participated in was $495.6B. Among their most notable exits are Sterlite Power and Serentica Renewables. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
9
0
7
3
Investments
9
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
Aug 07, 2023 | Apraava Energy | Energy | 1101.5M |
Aug 25, 2023 | Damodar Valley Corporation | Government | 548.5M |
Sep 14, 2023 | Serentica Renewables | Solar | 313.1M |
May 30, 2024 | Sterlite Power | Energy | 164.8M |
Exits
3
Funding Timeline
9
5
0
Funding Rounds
9
Power Finance has raised 9 rounds. Their latest funding was raised on May 30, 2024 from a Corporate Round - Sterlite Power round.
Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Aug 07, 2023 | Debt Financing - Apraava Energy | - | 1101.5M | - |
Aug 25, 2023 | Debt Financing - Damodar Valley Corporation | - | 548.5M | - |
Sep 14, 2023 | Debt Financing - Serentica Renewables | - | 313.1M | - |
May 30, 2024 | Corporate Round - Sterlite Power | - | 164.8M | - |
Investors
6
Power Finance is funded by 6 investor(s). Sumitomo Mitsui Banking Corporation and Bank of Yokohama Kantor are the most recent investors.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
Bank of Fukuoka | No | Post-IPO Debt - Power Finance Corporation | 166.8M |
Bank of Yokohama | No | Post-IPO Debt - Power Finance Corporation | 166.8M |
- | Yes | Post-IPO Debt - Power Finance Corporation | 166.8M |
Sumitomo Mitsui Banking Corporation | No | Post-IPO Debt - Power Finance Corporation | 166.8M |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
Annouced Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
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