{"id":76308,"date":"2025-10-02T08:32:34","date_gmt":"2025-10-02T08:32:34","guid":{"rendered":"https:\/\/mavericknews30.com\/?p=76308"},"modified":"2025-10-02T08:32:35","modified_gmt":"2025-10-02T08:32:35","slug":"pfc-collaborates-with-export-finance-australia-efa-and-citi-to-accelerate-indias-clean-energy-transition","status":"publish","type":"post","link":"https:\/\/mavericknews30.com\/?p=76308","title":{"rendered":"PFC collaborates with Export Finance Australia (EFA) and Citi to accelerate India\u2019s clean energy transition"},"content":{"rendered":"\n

Oct 2025 :<\/strong> Power Finance Corporation Ltd. (PFC), a Maharatna CPSE\u00a0and the largest NBFC in India, has partnered with Export Finance Australia (EFA), the Australian Government\u2019s export credit agency, to secure an ECA-backed financing facility\u00a0from Citi, who acted as the Sole ECA Coordinator and Lead Arranger for the facility.<\/p>\n\n\n\n

This transaction marks EFA\u2019s first-ever financing initiative in India<\/strong>, signalling EFA\u2019s entry into one of the world\u2019s fastest-growing renewable energy markets and underscoring its commitment to supporting sustainable infrastructure globally. The partnership also reflects the strengthening of economic and strategic ties between India and Australia<\/strong> in advancing clean energy cooperation.<\/p>\n\n\n\n

Under this structure, EFA is extending a guarantee<\/strong> to support PFC in raising USD 180 million<\/strong> <\/strong>from Citi.  The funds will be deployed towards green infrastructure projects<\/strong>, including renewable energy<\/strong>, <\/strong>energy efficiency<\/strong>, <\/strong>and <\/strong>clean transportation<\/strong> initiatives across India.<\/p>\n\n\n\n\n\n

The Loan Agreement<\/strong> was signed on 30<\/strong>th<\/sup><\/strong><\/sup><\/strong>  September 2025<\/strong> by Mrs. Parminder Chopra<\/strong>, Chairman and Managing Director, PFC, and Mr. K Balasubramanian, MD, India CEO, Citi in the presence of Mr. Nick McCaffrey, Australia\u2019s Deputy High Commissioner to India. The signing ceremony was also attended by Mr. Sandeep Kumar, Director (Finance), PFC, Ms. Jasneet Guram, Executive Director (Finance), PFC, Mr. R.K. Chaturvedi, Executive Director (Projects), PFC, and other senior officials from Citi.<\/p>\n\n\n\n

Speaking on the occasion, Mrs. Parminder Chopra<\/strong>, CMD, PFC, said:<\/p>\n\n\n\n

\u201cWe are delighted to partner with Export Finance Australia on its <\/em>maiden transaction in India<\/em><\/strong><\/em><\/strong>, which reflects growing confidence among global financial institutions in India\u2019s clean energy goals. This collaboration not only expands PFC\u2019s access to competitive, long-term funding but also strengthens India\u2013Australia cooperation in sustainable finance. This partnership underscores PFC\u2019s continued focus on <\/em>diversifying its funding sources<\/em><\/strong><\/em><\/strong>, <\/em>building global partnerships<\/em><\/strong><\/em><\/strong>, and to support India\u2019s transition to a <\/em>low-carbon economy<\/em><\/strong><\/em><\/strong>\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Oct 2025 : Power Finance Corporation Ltd. (PFC), a Maharatna CPSE\u00a0and the largest NBFC in India, has partnered with Export Finance Australia (EFA), the Australian Government\u2019s export credit agency, to secure an ECA-backed financing facility\u00a0from Citi, who acted as the Sole ECA Coordinator and Lead Arranger for the facility. This transaction marks EFA\u2019s first-ever financing …<\/p>\n","protected":false},"author":10,"featured_media":76309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[83],"post_format":[],"flags":[],"class_list":["post-76308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bd-business","tag-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/76308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76308"}],"version-history":[{"count":1,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/76308\/revisions"}],"predecessor-version":[{"id":76310,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/76308\/revisions\/76310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/media\/76309"}],"wp:attachment":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76308"},{"taxonomy":"post_format","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fpost_format&post=76308"},{"taxonomy":"flags","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fflags&post=76308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}