Latest News | PFC to Get Rs 165 Cr Loan from Japan's JBIC

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.

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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.

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(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)