New Delhi: Power Finance Corporation (PFC), a Maharatna PSU and a leading NBFC in the Indian power sector, has signed a landmark loan agreement of JPY 60 billion with the Japan Bank for International Cooperation (JBIC). The agreement strengthens Indo-Japanese economic ties while advancing India’s sustainable development goals.
Boosting Green Financing Ties with Japan
The financing falls under JBIC’s Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN) initiative. It is supported through co-financing from Sumitomo Mitsui Banking Corporation and other Japanese banks. The loan deal underscores Japan’s commitment to supporting India’s clean energy transition.
Signing Ceremony in Tokyo
The agreement was signed in Tokyo on August 29, 2025, by Mrs. Parminder Chopra, CMD, PFC, and Mr. Nobumitsu Hayashi, Governor, JBIC. The signing was witnessed by senior dignitaries, including Mr. Sandeep Kumar, Director (Finance), PFC; Ms. Jasneet Guram, Executive Director (Finance), PFC; Mr. Kazunori Ogawa, Senior Managing Director, JBIC; Mr. Hiroyuki Suzuki, Director General, New Energy and Power Finance Department II; and Mr. Atsuki Shibuya, Deputy Director General, New Energy and Power Finance Department II. A side agreement with Sumitomo Mitsui Banking Corporation was also exchanged, with Mr. Rajiv Kannan, Managing Executive Director and Head of India Division, SMBC, in attendance.
Advancing Assam’s Bio-Energy Future
The loan will support Assam Bio Ethanol Pvt. Ltd.’s pioneering second-generation bio-ethanol and chemicals plant in Assam. Using bamboo as feedstock, the project represents a major leap in renewable energy innovation, contributing to India’s self-reliance and cleaner energy production.
PFC’s Role in Energy Transition
Through innovative financing models, strategic collaborations, and strong international partnerships, PFC continues to play a pivotal role in powering India’s infrastructure. This agreement highlights its commitment to accelerating the energy transition, promoting sustainability, and supporting green industrial growth across the nation.
About Power Finance Corporation
Power Finance Corporation (PFC), a Maharatna PSU under the Ministry of Power, is India’s leading non-banking financial company in the power sector. PFC provides financial support for power generation, transmission, distribution, and renewable energy projects, driving the country’s infrastructure and energy transition.
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