Export Finance Australia is providing a guarantee of US$171 million to Power Finance Corporation in India
Export Finance Australia (EFA) has delivered its first major transaction in India, providing a guarantee of US$171 million to facilitate Power Finance Corporation (PFC) to finance green infrastructure for renewable energy, energy efficiency and clean transportation projects in India.
Media release
30 September 2025
Export Finance Australia (EFA) has delivered its first major transaction in India, providing a guarantee of US$171 million to facilitate Power Finance Corporation (PFC) to finance green infrastructure for renewable energy, energy efficiency and clean transportation projects in India.
PFC is a leading Indian financial institution that facilitates the development and expansion of power infrastructure across India.
The guarantee will enable PFC to access funding for on-lending to projects in sectors such as renewable energy, energy efficiency and clean transportation in one of the world’s fastest growing economies.
Australia has an opportunity to benefit from – and contribute to -India’s growth story. The Australian Government is committed to maximising that opportunity.
This initiative directly aligns with the government’s objective to increase Australian investment into India under A New Roadmap for Australia’s Economic Engagement with India. The Roadmap identifies clean energy as a superhighway for economic growth – and this initiative delivers on the government’s objective to work with India on our clean energy transitions.
“This landmark guarantee marks EFA’s first major transaction in India” said John Hopkins, CEO and Managing Director of EFA.
“We are advancing our commitment under the Roadmap to deliver finance in the Indian market to support green infrastructure that is essential for sustainable development.”
Media contact: Bernadette Smith, +61 408 314 848, media@exportfinance.gov.au
About Export Finance Australia (EFA)
EFA is Australia’s export credit agency. EFA provides commercial finance for export trade and overseas infrastructure development. From small and medium sized enterprises to large corporates, foreign governments and infrastructure projects, we help Australian businesses take on the world. In doing so, EFA finance supports Australia’s economic security and regional resilience.
EFA administers the Australian Government’s National Interest Account, which currently includes the Southeast Asia Investment Financing Facility, the Critical Minerals Facility, the Defence Export Facility and lending for the Australian Infrastructure Financing Facility for the Pacific. EFA also provides support to other Commonwealth entities, including Housing Australia and the Northern Australia Infrastructure Facility.
