India's largest NBFC, Power Finance Corporation Ltd. (PFC), has secured a landmark $180 million green financing facility through a groundbreaking partnership with Export Finance Australia (EFA) and Citi, marking EFA's first venture into India's rapidly expanding renewable energy sector.
Strategic Partnership for Sustainable Development
The collaboration, finalized on September 30, 2025, represents a significant milestone in Indo-Australian cooperation on clean energy initiatives, similar to recent sustainable finance alliances emerging in other markets. The deal structure involves EFA providing a guarantee to support PFC's funding raised through Citi, demonstrating growing international financial confidence despite global market uncertainties.
Investment Focus and Implementation
The secured funds will be strategically deployed across India for:
- Renewable energy infrastructure projects
- Energy efficiency initiatives
- Clean transportation development
Financial Transparency and Governance
This deal showcases PFC's commitment to transparent financial practices and robust governance in managing international investments. Mrs. Parminder Chopra, CMD of PFC, emphasized the significance of this partnership in diversifying funding sources and supporting India's transition to a low-carbon economy.
"This collaboration not only expands PFC's access to competitive, long-term funding but also strengthens India-Australia cooperation in sustainable finance," stated Mrs. Chopra during the signing ceremony.
