On Thursday, 7th July 2022, the Japan Bank for International
Cooperation and the state-owned Power Finance Corporation (PFC) signed a credit
agreement for JPY 30 billion (JBIC).
Power Finance corporation said in a statement that it had signed a loan arrangement
with Japan Bank for International Cooperation (JBIC) for JPY 30 billion on July
7, 2022.
This long-term facility was given to Power Finance cooperation ( PFC) by JBIC
as part of its "Global action for Reconciling Economic growth and
Environmental preservation" (GREEN) initiative, according to the company
officials. Through this initiative, JBIC offers financing for projects
that guarantee the effective reduction of greenhouse gas emissions and
preservation of the global environment.
As a result, PFC would finance its portfolio of renewable energy sources using
the cash provided by the facility.
Kazushige Globe, Director, and R S Dhillon, CMD, PFC, signed the loan
agreement.
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