PFC has signed a loan agreement with Japan Bank for International Cooperation (JBIC) for JPY 1.85 Billion. This loan agreement was signed under the long-term facility of JPY 30 Billion provided by JBIC to PFC. The loan proceeds would be used to finance 11.5 MW Waste to Energy Project of KPC Gas Power Corporation Ltd (a wholly owned subsidiary of KPCL) at Bidadi, Ramanagara District, Karnataka.
The loan agreement was signed by Mrs. Parminder Chopra, CMD,PFC and Mr Nobumitsu Hayashi, Governor, JBIC in the presence of Mr. Rajiv Ranjan Jha, Director(Projects), PFC; Mr. Sandeep Kumar, Executive Director (Finance), PFC; Mr. Rajesh Kumar Shahi, Executive Director (Projects), PFC; Mr. Satoru Yoneyama, Director, Social Infrastructure Finance Department, JBIC and other Senior Officials of PFC & JBIC.
