Power Finance Corporation (PFC) has obtained a loan of 25.5 billion Japanese yen (about Rs 147 crore) from the Japan Bank for International Cooperation (JBIC) for a wind energy project. This long-term loan is part of JBIC’s GREEN initiative and is co-financed by Sumitomo Mitsui Banking Corporation and other Japanese banks. The funds will support the 300.3 MW Wind Energy Project by Ostro Kannada Power Private Ltd in Karnataka. The loan highlights international support for India’s renewable energy sector, enhancing investor confidence.
PFC Secures ¥25.5 Billion (147 Crores) Loan from JBIC for Wind Energy Project
