PFC gets Rs 105 Cr loan from Japan Bank for International Cooperation

New Delhi: Public sector Power Finance Corporation (PFC) got a loan of 1.85 billion Japanese yen (about Rs 105 crore) from the Japan Bank for International Cooperation (JBIC). 

Power sector financier PFC said in a statement on Monday that a JPY 1.85 billion loan agreement with JBIC was signed on August 17, reports Dynamite News correspondent.

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The loan agreement was signed by PFC Chairperson and Managing Director Parminder Chopra and Governor Nobumitshu Hayashi at JBIC's office in New Delhi.

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PFC will use the funds to finance KPC Gas Power Corporation's 11.5 MW waste-to-electricity project in Karnataka. Under this project, electricity will be generated from 600 tonnes of waste per day.

• #New Delhi
• #PFC
• #Power Finance Corporation
• #Japan Bank for International Cooperation
• #Parminder Chopra
• #Loan Agreement
• #MoU