PFC and MECON Team Up to Support Green Hydrogen and Renewable Energy Projects

New Delhi – Power Finance Corporation Ltd (PFC), the state-owned power sector financier, has signed a Memorandum of Understanding (MoU) with engineering and consultancy firm MECON Limited to strengthen cooperation on infrastructure and energy projects, including emerging areas like green hydrogen, renewable power, and energy storage systems. The agreement was formalised on February 13, 2026, at PFC’s corporate office in Delhi, officials said.

Under the MoU, MECON will provide technical and consultancy services for projects that PFC and its subsidiaries may consider for financial backing. These services include feasibility studies, detailed project reports (DPRs), lender’s engineer roles, project management consultancy, and technical audits to support infrastructure and clean energy development.

The collaboration aims to combine PFC’s financing capabilities with MECON’s engineering expertise to accelerate deployment of large-scale projects across sectors. While traditional infrastructure such as transport, water and logistics are included, the partnership places special emphasis on sustainable and future-oriented technologies such as green hydrogen production, battery energy storage systems, waste-to-energy solutions, and integration of renewable energy into grids.

PFC and MECON officials said the agreement will help streamline project preparation and execution, reduce delivery timelines, and improve technical and financial structuring of critical energy and infrastructure initiatives. The collaboration reflects both firms’ intent to support India’s clean energy transition and low-carbon growth objectives, as the nation expands its investments in renewable technologies and related infrastructure.