PSU NEWS
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.
Read Also : Coal Ministry Achieves 411.62 MT Production in FY 2024-25In 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 : Need for adopting multi-pronged strategy for Research & Development in Defence sector: BEL CMDThe loan proceeds will be used to finance 300.3 MW Wind Energy Project of Ostro Kannada Power Private Limited (OKPPL) in Karnataka, India.
Read Also : PFC, Bhutan, and Tata Power Discuss Hydro Project InvestmentNews Must Read
- NLCIL plans three fold increase in its total power generation capacity by 2030
- DVC enters into financial collaboration with State Bank of India
- IREDA Signs MoU with SJVN and GMR for 900 MW Hydropower Project in Nepal
- IREDA Signs MoU with SJVN and GMR fo Hydro Project in Nepal
- SJVN CMD visited 1320 MW Buxar Thermal Power Project
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39
- HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD
- NTPC Bongaigaon to Support TB Eradication Efforts; Partners with District Administration, Kokrajhar