PFC Signs EUR 150 Million Loan Agreement with Germany’s KfW to Finance RDSS Projects
Power Finance Corporation Ltd. (PFC) has signed a EUR 150 million loan agreement with Germany’s KfW to finance projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS) aimed at boosting power distribution efficiency nationwide.
August 22, 2025. By Mrinmoy Dey
The loan proceeds will be utilised to finance projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS), aimed at improving the operational and financial efficiency of power distribution companies across the country, the company said in a statement.
Commenting on the development, Parminder Chopra, CMD, PFC, said, “PFC has been at the forefront of financing and enabling reforms in India’s power distribution sector. This new line of credit will help in realising Government’s vision of ensuring reliable, affordable, and sustainable power supply to consumers across the country. We also look forward to working with KfW in new and emerging areas, especially renewables and clean energy, thereby advancing India’s energy transition.”
The agreement marks a continuation of the long-standing partnership of the governments of India and Germany in the energy sector, built over several decades. PFC and KfW have previously collaborated on multiple projects in the distribution sector, and this new facility is expected to further strengthen bilateral cooperation while contributing to the shared goal of both countries of accelerating the energy transition.
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