Power Finance Corporation (PFC), a key player in India's financial sector, has announced a strategic partnership with Export Finance Australia and Citi to bolster funding support for India's clean energy transition. This collaboration marks a significant step towards enhancing the financial resources available for clean energy projects across the country.

Strengthening Clean Energy Financing

The partnership between PFC, Export Finance Australia, and Citi is set to play a crucial role in India's push towards sustainable energy solutions. By combining their expertise and financial capabilities, these organizations aim to create a more robust funding ecosystem for clean energy initiatives.

Implications for India's Energy Sector

This alliance is expected to have far-reaching effects on India's energy landscape:

• Increased Funding Access: The collaboration is likely to improve access to financial resources for clean energy projects, potentially accelerating the development of renewable energy infrastructure.
• International Cooperation: The involvement of Export Finance Australia highlights the growing international interest in supporting India's clean energy goals.
• Diversified Funding Sources: By partnering with Citi, a global banking leader, PFC expands its network of funding sources, which could lead to more innovative financing solutions.

PFC's Role in Clean Energy Transition

Power Finance Corporation, as a leading financial institution in India's power sector, has been at the forefront of funding energy projects. This new partnership underscores PFC's commitment to supporting the nation's shift towards cleaner and more sustainable energy sources.

The collaboration between PFC, Export Finance Australia, and Citi represents a significant development in India's clean energy financing landscape. As the country continues to prioritize its clean energy transition, such partnerships are likely to play a pivotal role in turning ambitious goals into reality.

Power Finance Corporation (PFC), a leading player in the Indian power sector, has taken a significant step towards enhancing power transmission infrastructure by incorporating a new Special Purpose Vehicle (SPV). The company announced the establishment of 'South Kalamb Power Transmission Limited' as a wholly-owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly-owned subsidiary of PFC.

Purpose of the New SPV

The newly formed SPV, South Kalamb Power Transmission Limited, has been created for a specific transmission scheme development. According to the company's disclosure, the SPV will focus on the "Network Expansion Scheme for drawal of power at South Kalamb S/s: Part A."

Ministry of Power's Role

The Ministry of Power (MoP) has played a crucial role in this development. Through a Gazette Notification (No. CG-DL-E-21082025-265554) dated August 19, 2025, the Ministry appointed PFCCL as the Bid Process Coordinator (BPC). This appointment is aimed at selecting a Transmission Service Provider (TSP) to establish the aforementioned transmission system through a Tariff Based Competitive Bidding Process.

SPV's Responsibilities

The newly incorporated SPV will undertake various preparatory activities essential for the transmission project, including:

1. Conducting surveys and preparing reports
2. Initiating the process of land acquisition
3. Seeking forest clearance, if required

These activities align with the provisions of tariff-based competitive bidding guidelines issued by the Ministry of Power.

Future Transfer of SPV

It's important to note that the SPV is not intended to be a permanent subsidiary of PFCCL. After the completion of the bidding process, South Kalamb Power Transmission Limited will be transferred to the successful bidder. This bidder, selected through an international competitive bidding process, will then be responsible for developing the project further.

Implications for the Power Sector

This move by PFC demonstrates the company's commitment to facilitating the development of power transmission infrastructure in India. By creating specialized SPVs for specific projects, PFC is streamlining the process of project development and bidding, potentially leading to more efficient and timely execution of critical power transmission schemes.

The establishment of South Kalamb Power Transmission Limited is expected to contribute to the expansion and enhancement of India's power transmission network, particularly in the South Kalamb area. This development aligns with the broader goals of improving power distribution and accessibility across the country.

As the power sector continues to evolve, such strategic initiatives by key players like PFC are likely to play a crucial role in meeting India's growing energy demands and strengthening its power infrastructure.