PFC, a leading non-banking financial company in India’s power sector, has signed a Project Loan Agreement (PLA) worth JPY 2.65 billion with Japan Bank for International Cooperation (JBIC).
This agreement was executed under the General Agreement signed between PFC and JBIC for JPY 30 billion.
The loan facility will finance some of PFC’s projects that aim to effectively reduce greenhouse gas emissions and conserve the global environment. The PLA signing ceremony was held at JBIC headquarters in Tokyo, where the CMD of PFC, RS Dhillon, and the Managing Executive Officer of JBIC, Uchida Makoto, signed the agreement. The ceremony was also attended by other senior officials of PFC and JBIC.
This partnership between PFC and JBIC will enable the financing of projects that prioritize the reduction of greenhouse gas emissions and promote environmental conservation. Such projects will contribute towards achieving India’s renewable energy targets while also promoting sustainable development.
PFC’s commitment to sustainable practices is reflected in its partnership with JBIC, a leading financial institution that promotes international cooperation and development. This PLA signing will further strengthen the relationship between PFC and JBIC and pave the way for future collaborations towards a sustainable future.