New Delhi, Mar 22 (PTI) Power Finance Corporation has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan of JPY 2.65 billion or about Rs 165 crore.

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.

Also Read | Good News for Train Passengers: Indian Railways Lowers Fare of AC-3 Tier Economy Class Ticket; Check Details.

This pact was executed under a general agreement signed between PFC and JBIC for JPY (Japanese Yen) 30 billion.

The loan agreement was signed at JBIC headquarters Tokyo, between PFC Chairman and Managing Director R S Dhillon and Uchida Makoto, Managing Executive Officer of JBIC.

Also Read | Adani Airports CEO Arun Bansal Says 'We Want To Be Leading Airport Operators Not Only in India but in World'.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)