PFC signs agreement with Japan’s JBIC for loan of Rs 1.65 billion

Reportedly, Power Finance Corporation Limited (PFC) has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan of JPY 2.65 billion (Rs 1.65 billion).

Under this facility, JBIC has proposed to finance some of PFC’s projects which ensure effective reduction of greenhouse gas emissions and conservation of the global environment. This pact was executed under a general agreement signed between PFC and JBIC for JPY30 billion.