Power Finance Corporation (PFC) has entered into a EUR 150 million loan agreement with Germany’s KfW to fund projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS).

The agreement, signed on August 21 by PFC Chairman and Managing Director Parminder Chopra and KfW CEO Stefan Wintels, aims to enhance the operational and financial efficiency of distribution companies across India. Highlighting the deep-rooted cooperation between India and Germany in the energy sector, this collaboration marks another milestone in a series of joint initiatives in the power distribution segment.

The signing ceremony in New Delhi was attended by Gottfried von Gemmingen, Head of Division for Economic Affairs at the German Embassy, Sandeep Kumar, Director (Finance), PFC, along with senior officials from both sides. PFC MD stated, “PFC has been at the forefront of financing and enabling reforms in India’s power distribution sector… We also look forward to working with KfW in new and emerging areas, especially renewables and clean energy.”