Power Finance Corporation has agreed to a project loan of JPY 2.65 billion, or approximately Rs 1.65 billion, with Japan Bank for International Cooperation (JBIC). JBIC has proposed using this facility to fund some of PFC’s projects aimed at reducing greenhouse gas emissions and conserving the global environment.
This agreement was made possible by a general agreement signed by PFC and JBIC for JPY 30 billion (Japanese Yen).
The loan agreement was signed at the JBIC headquarters in Tokyo by PFC Chairman and Managing Director R S Dhillon and JBIC Managing Executive Officer Uchida Makoto.
See also:
Power Finance Corporation net profit rises 7%
PFC approves Rs 39.4 bn loan for Machilipatnam port in AP