PFC, JBIC sign ₹3,500 cr loan pact to fund clean energy projects in India
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Power Finance Corporation (PFC) and Japan Bank for International Cooperation (JBIC) have signed a ₹3,500 crore loan agreement to fund clean energy projects in India. This deal enhances economic ties between India and Japan and supports sustainable development. The financing is part of JBIC's GREEN initiative, with co-financing from Japanese banks. A portion of the loan will aid the establishment of a bio-ethanol plant in Assam, utilizing bamboo as feedstock. PFC is India's largest government-owned non-banking financial company in the power sector.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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