Diversifying source of borrowing, cutting thermal power exposure: Pawan Singh, CEO, PTC India Financial Services

PTC India Financial Services (PFS), a major lender in the power sector, is gradually reducing its exposure to coal-based electricity generation. The NBFC is diversifying its source of funding, and sees 2020 to be a turnaround year. CEO Pawan Singh tells FE’s Anupam Chatterjee how the recent developments in renewable energy have been an eye-opener. Excerpts:

Are you affected by the diminishing utilisation levels of coal-based power plants?
We are reducing our exposure to the thermal power sector. We have brought our exposure down from 30% last year to less than 10% now, and this will go down even further. By June-July, the share of thermal power in our lending portfolio should be around 4-5%. Around 60% of our portfolio is renewable energy and around 20% comprises various infrastructure projects such as transmission lines, sewage treatment plants, HAM road projects and some better-performing discoms.