Power Finance Corporation is targeting 26 per cent growth in disbursement at Rs 33,000 crore during the current fiscal.

“We have already surpassed the target — Rs 27,000 crore for the year till March, and we hope to finish the year with a disbursement of around Rs 33,000 crore. In 2009-10, the company disbursed Rs 26,000 crore,” the company Director (Projects), Mr Rajeev Sharma, said here today.

When asked about the possibility for equity financing, he said there is no policy for such investment and even if the board approves, PFC will not participate in private power projects, including Ultra Mega Power Plants.

Mr Sharma said the company is also planning to set up a 100 per cent subsidiary for renewable projects.

“Normally, it was noticed that renewable energy projects are small in nature and were not given due attention. So, a dedicated outfit will have expertise to handle such projects,” he said.

Meanwhile, PFC is targeting to raise upto Rs 5,300 crore through the ongoing infrastructure bonds public issue.

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