PFC Secures JPY 25.5 Billion Loan from JBIC for financing Wind Energy Project
This loan is part of JBIC's 'Global Action for Reconciling Economic Growth and Environmental Preservation' ("GREEN") initiative.
New Delhi: PFC, A Maharatna Company and leading NBFC in Indian power sector, has secured a long-term loan of JPY 25.5 billion from the Japan Bank for International Cooperation (JBIC). This loan is part of JBIC's 'Global Action for Reconciling Economic Growth and Environmental Preservation' ("GREEN") initiative.
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Read Also : NTPC Vindhyachal conferred with WSO Platinum Award 2025 in Five-Star CategoryIn addition to JBIC's contribution, the loan is co-financed by Sumitomo Mitsui Banking Corporation and other Japanese Banks. JBIC will also provide a guarantee for the portion of the loan co-financed by these private financial institutions.
Read Also : Bank of Maharashtra Reports Robust Growth in Q2 and Half Year Ended September 2025The loan proceeds will be used to finance 300.3 MW Wind Energy Project of Ostro Kannada Power Private Limited (OKPPL) in Karnataka, India.
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