Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

PFC gets Rs 105 Crore from JBIC financing
Under the extended JPY 30 billion long-term arrangement offered by JBIC to Power Finance Corporation (PFC), the state-owned corporation has secured a funding agreement for 1.85 billion Japanese yen (approximately Rs 105 crore) through JBIC financing. The allocated funds are designated for the support of a waste-to-energy initiative, encompassing an 11.5 MW project undertaken by KPC Gas Power Corporation in Karnataka.
On August 17th, PFC formalized a loan agreement with the Japan Bank for International Cooperation (JBIC) amounting to JPY 1.85 billion. This arrangement falls within the broader context of JBIC's JPY 30 billion long-term funding facility extended to PFC. The waste-to-energy venture aims to harness the potential of 600 tonnes per day of separated municipal solid waste for energy production, leveraging incineration technology incorporating moving grate technology supplied by Hitachi Zosen India Pvt Ltd.
The signing ceremony for the loan took place at JBIC's New Delhi office and was attended by Parminder Chopra, CMD of PFC, and Nobumitsu Hayashi, Governor of JBIC.
Source: Media Reports
Related News

The ₹2000 banknote withdrawal: Where we stand
3 mins read. November 3, 2023 at 08:41 AM

FOMC holds Fed Funds Rate steady with Cautionary Outlook
1 mins read. November 3, 2023 at 08:25 AM

Coal sector records 16.1% growth in September 2023: Centre
2 mins read. November 3, 2023 at 04:09 AM

Indian Railways achieves 87.25 MT freight loading till October 2023
1 mins read. November 2, 2023 at 04:46 AM
Download app
Access BlinkX
everywhere
across device
