Power Finance Corp signs MoA with IIT Kanpur

Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupees Two Crore Thirty-Eight Lakhs and Ninety-Seven Thousand only) to IIT-K under its CSR initiative.


Devdiscourse News Desk | New Delhi | Updated: 29-07-2020 16:00 IST | Created: 29-07-2020 16:00 IST
Power Finance Corp signs MoA with IIT Kanpur
Shri. R. Murahari, Executive Director (CSR&SD), PFC informed that the objective of the pact is to provide support to IIT-K in developing infrastructure for research and development on smart grid technology. Image Credit: Wikimedia
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Power Finance Corporation (PFC), a PSU under Ministry of Power and country’s leading NBFC, signed an MoA with Indian Institute of Technology- Kanpur (IIT-K) for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupees Two Crore Thirty-Eight Lakhs and Ninety-Seven Thousand only) to IIT-K under its CSR initiative.

Shri. R. Murahari, Executive Director (CSR&SD), PFC informed that the objective of the pact is to provide support to IIT-K in developing infrastructure for research and development on smart grid technology. As part of the project, IIT-K will also provide training on smart grid technology to 90 participants and provide fellowship to 9 selected candidates for the development of ideas on Smart Grid Technology. The fellows will be assisted by Start-up Innovation and Incubation Centre (SIIC) of IIT-K and encouraged to take up entrepreneurial activities.

Shri M Prabhakar Das, Chief General Manager (CSR&SD), PFC and Prof. Jayant Kumar Singh, Dean Resource and Alumni, IIT-K signed the agreement on behalf of respective organizations on a virtual platform.

(With Inputs from PIB)

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