Question
Recently, which Finance Corporation inked a loan pact of
30 billion with Japan Bank for International Cooperation (JBIC)?Solution
Power Finance Corporation (PFC) inked a loan pact for JPY 30 billion with Japan Bank for International Cooperation (JBIC). JBIC has provided this long term facility to PFC under its initiative 'Global action for Reconciling Economic growth and Environmental preservation' (GREEN), wherein JBIC provides financing for projects which ensure the effective reduction of greenhouse gas emissions and conservation of the global environment. Thus, the funds under the facility would be used by PFC to finance its renewable energy portfolio. Power Finance Corporation (PFC) Headquarters: New Delhi Chairman : Ravinder Singh Dhillon Japan Bank for International Cooperation (JBIC) is a policy-based financial institution, wholly owned by the Japanese government. It is headquartered at Tokyo, Japan.
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