+
PFC gets JPY 1.85 bn loan from JBIC for Karnataka waste-to-energy
POWER & RENEWABLE ENERGY

PFC gets JPY 1.85 bn loan from JBIC for Karnataka waste-to-energy

The state-owned power sector financier, Power Finance Corporation (PFC), announced that it had entered into a loan agreement with Japan Bank for International Cooperation (JBIC) for an amount of JPY 1.85 billion. The agreement had been concluded within the framework of the long-term facility of JPY 30 billion that had been extended by JBIC to PFC.

It was informed that the funds acquired through the loan were intended to be utilised in the financing of the 11.5 MW Waste to Energy Project undertaken by KPC Gas Power Corporation, which was a wholly owned subsidiary of KPCL. This project was situated in Bidadi, Ramanagara District, Karnataka.

The company stated that this particular project would lead to the efficient utilization of 600 metric tonne per day of segregated municipal solid waste, aimed at generating energy. The technology employed for this project involved incineration using the moving grate technology provided by Hitachi Zosen India.

The signing of the loan had taken place at the office of JBIC in New Delhi. The individuals present at the occasion included Parminder Chopra, who was the Chairperson and Managing Director (CMD) of PFC, and Nobumitsu Hayashi, the Governor of JBIC, along with other senior executives from both companies.

Chopra expressed that the agreement underscored the "deep-rooted" cooperation existing between India and Japan. Furthermore, PFC affirmed its continued dedication to promoting the energy transition cause. Chopra looked ahead to the collaborative efforts of JBIC in aiding India's pursuit of its ambitious green energy objectives.

Also read:
Low-grade imports raise India's coal emissions
Coal Ministry pledges $2.6 billion for railway projects

The state-owned power sector financier, Power Finance Corporation (PFC), announced that it had entered into a loan agreement with Japan Bank for International Cooperation (JBIC) for an amount of JPY 1.85 billion. The agreement had been concluded within the framework of the long-term facility of JPY 30 billion that had been extended by JBIC to PFC. It was informed that the funds acquired through the loan were intended to be utilised in the financing of the 11.5 MW Waste to Energy Project undertaken by KPC Gas Power Corporation, which was a wholly owned subsidiary of KPCL. This project was situated in Bidadi, Ramanagara District, Karnataka. The company stated that this particular project would lead to the efficient utilization of 600 metric tonne per day of segregated municipal solid waste, aimed at generating energy. The technology employed for this project involved incineration using the moving grate technology provided by Hitachi Zosen India. The signing of the loan had taken place at the office of JBIC in New Delhi. The individuals present at the occasion included Parminder Chopra, who was the Chairperson and Managing Director (CMD) of PFC, and Nobumitsu Hayashi, the Governor of JBIC, along with other senior executives from both companies. Chopra expressed that the agreement underscored the deep-rooted cooperation existing between India and Japan. Furthermore, PFC affirmed its continued dedication to promoting the energy transition cause. Chopra looked ahead to the collaborative efforts of JBIC in aiding India's pursuit of its ambitious green energy objectives. Also read: Low-grade imports raise India's coal emissionsCoal Ministry pledges $2.6 billion for railway projects

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?