To build capacities and boost financing for clean and green energy projects in India
New Delhi, September 26, 2019: India’s leading infrastructure finance company, PFS and top business school MDI Gurgaon, signed a Memorandum of Understanding (MoU) to collaborate for leveraging their strengths in developing capacities in the areas of infrastructure, especially sustainable infrastructure financing.
The agreement was signed on Tuesday by Mr. Naveen Kumar, Director (Operations), PFS and Prof. (Dr.) Atmanand, Director (Additional Charge) MDI Gurgaon in presence of Dr. Pawan Singh – MD & CEO – PFS, Mr. Ashish Nigam – Vice President – PFS along with distinguished faculty members from MDI Gurgaon.
As per the MoU, PFS and MDI will work together and focus on the following main objectives:
- To create synergy between academics and infrastructure evaluation & finance, climate financing, clean development mechanism, best practices and concerned environmental issues associated with the infrastructure of the world.
- To develop training and capability building modules/programmes in the areas of infrastructure financing and project management.
- To undertake advisory services relevant to the strengths of both the entities in the areas of project finance, climate change and sustainable development.
- Areas identified are renewable energy, transmission/generation/distribution, energy efficiency, climate protection financing, roads, water, waste to energy, waste management, e-mobility and allied infrastructure, Public Private Partnerships, Risk Management, Environmental upgradations, etc.
Dr. Pawan Singh, Managing Director and CEO, PFS said, “Now it’s an age of green development and in accordance with thrust by our Honorable Prime Minister Shri Narendra Modi on clean and green energy, this MoU aims to augment capacities of the various factors involved in creation of cleaner and sustainable environment”. He added, that “solar power is a big thrust area globally and in India too we will be laying special focus on it. Power from non-conventional areas is the future and we want to be a strong player in that space, and this MoU with MDI will help us a lot in that attempt. We will also help institutionalize capacity building for Indian entrepreneurs as well as for neighboring SAARC countries and develop and synergize our programs with the Developmental Financial Institutions (DFIs) and tap their potential”. This mechanism will provide a common uniform body as one single channelizing agency for study and capacity building in sustainable infrastructure development in the country.
Prof. (Dr.) Atmanand, Director (Additional Charge), MDI Gurgaon said, “The MoU between PFS and Management Development Institute (MDI) Gurgaon will create synergy between academics and financing institution for infrastructure evaluation & finance, climate financing, clean development mechanisms, energy efficiency etc. The focus would be more on developing training & capability building towards achieving green & clean environment. It will help in developing financial modelling to be used by financing institutions for project appraisal and analyzing viability of the infrastructure projects and looking at risks holistically”.
PFS is an infrastructure finance company focusing in the area of sustainable development and the motto of the company is finance for a purpose.
About MDI Gurgaon
Management Development Institute Gurgaon, established in 1973, a top ranking business school in India with vision to be a ‘Global Business School’, is a centre of excellence in management education, high quality research, executive development, and value added consultancy. MDI Gurgaon is the first Indian Business School and second in Asia to be accredited by ‘Association of MBAs’ (AMBA) UK. Various surveys have consistently ranked MDI Gurgaon amongst the top B-schools of the country. The PG Programmes in Management offered by the institute are recognized and accredited by the All India Council for Technical Education (AICTE) New Delhi.