Gurugram: Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, has secured a landmark green loan worth JPY 80 billion from the Japan Bank for International Cooperation (JBIC). The funding reinforces POWERGRID’s critical role in advancing India’s renewable energy transition and strengthening cross-border financial cooperation.
The loan agreement between POWERGRID and JBIC was signed on June 17, 2026.
Funding to Support Khavda–Nagpur HVDC Transmission Project
The green loan will be utilized to finance the Khavda–Nagpur High Voltage Direct Current (HVDC) transmission project, a key infrastructure initiative aimed at enabling large-scale renewable energy integration into India’s national grid.
The project highlights the strategic partnership between POWERGRID and JBIC in developing robust transmission infrastructure essential for India’s clean energy goals.
Strengthening India–Japan Green Energy Collaboration
The collaboration between POWERGRID and JBIC underscores the growing financial and technological cooperation between India and Japan in the energy sector.
Headquartered in Tokyo, the Japan Bank for International Cooperation is a policy-based financial institution fully owned by the Government of Japan. Established in 1999, JBIC plays a key role in supporting international economic development by complementing private sector financing.
POWERGRID’s Commitment to ESG and Sustainability Goals
POWERGRID continues to integrate Environmental, Social, and Governance (ESG) principles into its core operations. The company has adopted long-term sustainability targets, including:
- Net Zero emissions by 2047
- Zero waste to landfill by 2030
- Becoming Net Water Positive by 2030
These commitments reflect POWERGRID’s focus on sustainable infrastructure development aligned with India’s clean energy transition objectives.
India’s Leading Power Transmission Utility
POWERGRID is India’s premier electric power transmission utility and one of the largest globally. As of May 31, 2026, the company operates:
- 185,750 circuit kilometres (ckm) of transmission lines
- 291 sub-stations
- 630,516 Mega Volt Amperes (MVA) of transformation capacity
Its extensive Extra High Voltage (EHV) network spans across India, including cross-border interconnections. The company has consistently maintained transmission system availability above 99.5% through advanced automation and digital technologies.
Beyond transmission, POWERGRID has also diversified into consultancy and telecommunications services.
About POWERGRID
POWERGRID is a Maharatna public sector enterprise under the Ministry of Power and India’s leading power transmission utility. It plays a central role in strengthening the country’s electricity infrastructure and enabling large-scale renewable energy integration. With a vast nationwide network and strong focus on sustainability, POWERGRID continues to support India’s journey toward a cleaner and more resilient energy future.
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