New Delhi: Power Finance Corporation Ltd (PFC), a Maharatna CPSE company and India’s leading power sector focussed non-banking financial firm, has announced the appointment of Rajiv Ranjan Jha as Director, Projects.

Jha was earlier working as Executive Director, Projects, in PFC before his elevation to the coveted role. In his new role, he will be responsible for developing and enforcing sound strategies to venture into new business avenues and also oversee the ongoing projects funded by the company.

He was earlier responsible for the entire loan portfolio of private sector projects under consortium lending with PFC as lead financial institution. He has also handled the renewable energy loan portfolio and has worked extensively in the area of project appraisal, especially for independent private power projects.

According to an official statement, Jha was also associated with development & award of UMPPs for which PFC is the nodal agency. He has been instrumental in resolving some of the large-scale stressed assets with a loan value of around Rs10,000 crore.

Before joining PFC, he had worked with Visakhapatnam Steel Plant (Rashtriya Ispat Nigam Ltd.) for more than eight years and dealt with operation and maintenance of their coal-based captive power plant. Jha holds a Bachelor Degree in Science (Mechanical Engineering) from NIT, Jamshedpur of Ranchi University and an advanced Diploma in Management from the IGNOU. /BI/