PFC inks Project Loan Agreement with JBIC

By IndianMandarins- 22 Mar 2023


New Delhi (22.03.2023): PFC has recently signed a Project Loan Agreement (PLA) for JPY 2.65 Billion with Japan Bank for International Cooperation (JBIC) at a Project Loan Agreement (PLA). The signing ceremony was held at JBIC Head Quarters, Tokyo, Japan. This PLA was executed under General Agreement signed between PFC & JBIC for JPY 30 Billion.

Under this facility, JBIC has proposed to finance some of PFC’s projects which ensure the effective reduction of greenhouse gas emissions and conservation of the global environment. The project loan agreement was signed at JBIC Head Quarters Tokyo, Japan by RS Dhillon, CMD, PFC and Uchida Makoto, Managing Executive Officer, JBIC in the presence of Parminder Chopra, Director (Finance), PFC;  Sandeep Kumar, Executive Director (Finance), PFC;  GOBE Kazushige, Director General, JBIC and other Senior Officials of PFC & JBIC.

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