While announcing its topsy-turvy financial results, state-run power company, Power Finance Corporation (PFC) also said that it is looking to explore the opportunities that nuclear power sector provides.

It said that it is ready to finance such projects, but has not been able to find a good plan in front of it till now. This was said by a high official in the company.

India, of late, has seen tremendous growth in the field of nuclear power. But even with that, India still lags behind many other countries. It still is more dependent on thermal power followed by hydro power. Nuclear power comes at the last.

Meanwhile, talking to the media, Managing Director Satnam Singh said that they are signing a contract with Nuclear Power Corporation of India (NPCIL), to finance its capital outlay and other services.

The net profit of PFC declined by 40.43 per cent, to end at Rs. 598.79 crore during Q4 of FY 2010. Its total income rose to Rs. 2,079.94 crore as against Rs. 1,816.93 crore for the previous period.

PFC has also decided to raise $1 billion from the overseas investors for its plans.