JBIC partners with PFC to fund renewable energy projects in India
Author: PPD Team Date: January 17, 2025
Japan Bank for International Cooperation (JBIC) has signed an agreement with Power Finance Corporation Limited (PFC) to finance renewable energy projects in India.
Under the agreement, JBIC and PFC will establish a credit line of Rs 66.73 billion (120 billion JPY), with JBIC contributing Rs 40.04 billion (72 billion JPY). This initiative is part of JBIC’s GREEN (Global action for Reconciling Economic growth and Environmental preservation) operations.
The funding will support projects that reduce greenhouse gas emissions, including photovoltaic power generation facilities, energy-efficient power plants with advanced environmental technologies, and energy-saving equipment.