India secures $173.4m Japanese loan for wind energy project

This is part of a JBIC’s GREEN operations.

The Japan Bank for International Cooperation (JBIC) has inked a $$173.4m (JPY25.5b) loan agreement with Power Finance Corporation Limited (PFC) for a wind farm project in Karnataka, India.

In a statement, JBIC said the loan will be provided to Indian company Ostro Kannada Power Private Limited through PFC for the 300.3-megawatt facility.

JBIC will fund $91.8m (JPY13.5b) of the total loan.

The credit is based on the credit line that JBIC signed with PFC in July 2022 for renewable energy projects and energy efficient power generation and heat supply projects. It is also part of JBIC’s Global action for Reconciling Economic growth and Environmental preservation project.

The loan is co-financed with Sumitomo Mitsui Banking Corporation, the Bank of Yokohama, Ltd., the Shiga Bank, Ltd., and the Bank of Fukuoka, Ltd.

JBIC said it will also provide a guarantee for the portion co-financed by the private financial institutions.

$1 = JPY147.45

Follow the link for more news on

India renewables capacity

Also Read

China invests over $100b overseas in cleantech since 2023

GPSC bags $216.85m loan for clean energy investments

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit