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JBIC signs loan agreements with ADNOC for renewable energy and decarbonisation projects

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The Japan Bank for International Cooperation (JBIC) has signed two project loan agreements with Abu Dhabi National Oil Company (ADNOC), totalling approximately $341 million and $130 million under a credit line established in July 2024. The loans are co-financed by Mizuho Bank Limited, Sumitomo Mitsui Banking Corporation, MUFG Bank, Limited, and The Hongkong Shanghai Banking Corporation Limited, Tokyo Branch, raising the total financing to $569 million and $217 million, respectively.

These loans, part of JBIC’s GREEN operations, will fund ADNOC’s global renewable energy projects and support energy-efficient power generation and decarbonisation initiatives in the UAE.

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