HomeLoansDaily News Wrap-Up: JBIC Loans PFC $220 Million for Renewable Energy Projects

Daily News Wrap-Up: JBIC Loans PFC $220 Million for Renewable Energy Projects

Here are some noteworthy cleantech announcements of the day from around the world:

Power Finance Corporation (PFC) signed a loan agreement for ¥30 billion (~$220.83 million) with Japan Bank for International Cooperation (JBIC). The long-term facility to PFC is under the JBICs initiative titled ‘Global action for Reconciling Economic growth and Environmental preservation,’ under which JBIC provides financing for projects which ensure the effective reduction of greenhouse gas emissions and conservation of the global environment. PFC would use the funds under the facility to finance its renewable energy portfolio and provide competitive rates.

Uttar Pradesh New & Renewable Energy Development Agency (IJPNEDA) announced the cancellation of a tender to empanel vendors for 38 MW grid-connected residential rooftop solar systems in Uttar Pradesh. The tender was

Read more at mercomindia.com

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