PFC Partners with Export Finance Australia and Citi for India’s Clean Energy Projects

As per the news reports, Power Finance Corporation Limited (PFC) has entered into a landmark partnership with Export Finance Australia (EFA) and Citi to boost funding for India’s clean energy transition. This initiative, signed on September 30, represents EFA’s first-ever financing in India and underscores Australia’s growing commitment to global sustainable infrastructure.

Details of the Collaboration

As part of the arrangement, EFA, Australia’s official export credit agency, provided a guarantee that enabled PFC to raise $180 million from Citi. Citi acted as the Sole Export Credit Agency Coordinator and Lead Arranger for the facility.

The funds raised will be deployed across green infrastructure initiatives in India, including renewable energy, energy efficiency improvements, and clean transportation projects, reinforcing India’s commitment to a low-carbon economy.

The loan agreement was formalised in the presence of senior leaders: PFC Chairman and Managing Director Parminder Chopra, Citi’s MD and CEO (India), and Australia’s Deputy High Commissioner to India Nick McCaffrey, along with PFC’s Director (Finance) Sandeep Kumar, Executive Director (Finance) Jasneet Guram, and Executive Director (Projects) RK Chaturvedi.

Leadership Commentary and Strategic Impact

As per the news reports, PFC CMD Parminder Chopra said, “We are delighted to partner with Export Finance Australia on its maiden transaction in India, which reflects growing confidence among global financial institutions in India’s clean energy goals. This collaboration not only expands PFC’s access to competitive, long-term funding but also strengthens India–Australia cooperation in sustainable finance.”

The initiative marks an important milestone in PFC’s ongoing efforts to diversify its funding sources, build global partnerships, and accelerate India’s energy transition. For EFA, the transaction signals its entry into one of the fastest-growing renewable energy markets worldwide.

Read More: KP Group Signs Green Hydrogen MoU with South Korea’s Jeonbuk Province!

PFC Share Price Performance 

As of October 01, 2025, PFC share price closed at ₹412.00 per share, reflecting a surge of 0.43% from the previous closing price.

Conclusion

The $180 million facility, backed by Export Finance Australia and arranged by Citi, demonstrates the growing role of international partnerships in India’s clean energy journey. By channelling funds into renewable and sustainable projects, PFC continues to strengthen its position as a key financier of the country’s green transition while enhancing cross-border collaboration in sustainable finance.

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