PFC signs agreement with German development bank KfW
2nd Nov 2019

Power Finance Corporation (PFC) has signed agreement with German development bank KfW for 200 million euro loan. The company will on-lend these funds for development of the distribution infrastructure of state-owned companies. The loan carries a concessional rate of interest and will help the PFC fund state discoms and reduce its cost of borrowing.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.