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

Global, News

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…

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UltraTech raises $500 million through sustainability-linked financing

India, News

UltraTech Cement has secured $500 million through sustainability-linked financing, involving participation from six major banks. This marks the company’s second sustainability-linked transaction, following its inaugural bond issuance in 2021, and underscores UltraTech’s commitment to aligning its funding strategy with its sustainability and ESG goals. The banks involved in the transaction are Sumitomo Mitsui Banking Corporation (SMBC), State Bank of India (SBI), BNP Paribas, DBS, MUFG, and Mizuho. SMBC played a pivotal role, acting as the…

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SSEN Transmission receives approval for Creag Dhubh-Dalmally upgrade

Global, News

SSEN Transmission has received approval from Scottish ministers to upgrade the Creag Dhubh-Dalmally overhead line from 132kV to 275kV, a project crucial for supporting renewable energy growth in Argyll and Kintyre. Part of the Argyll and Kintyre 275kV strategy, this upgrade is a key component of SSEN’s £20 billion ($26 billion) Pathway to 2030 programme, which aims to support thousands of jobs and boost local and national economies. The strategy aligns with the UK and…

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PFC secures JPY 25.5 billion loan from JBIC for wind energy project in Karnataka

India, News

Power Finance Corporation (PFC) has secured a long-term loan of JPY 25.5 billion from the Japan Bank for International Cooperation (JBIC) under its ‘Global Action for Reconciling Economic Growth and Environmental Preservation’ (“GREEN”) initiative. The loan, co-financed by Sumitomo Mitsui Banking Corporation and other Japanese banks, will support a 300.3 MW wind energy project by Ostro Kannada Power Private Limited (OKPPL) in Karnataka, India. JBIC will also provide a guarantee for the portion of the…