The financing, falling under JBIC’s “Global action for Reconciling Economic growth and ENvironmental preservation (GREEN)” initiative, with co-financing support from Sumitomo Mitsui Banking Corporation and other Japanese banks.

The loan agreement was signed at JBIC Head, Tokyo, Japan, on 29thAugust 2025 by Mrs Parminder Chopra, CMD, PFC and Mr Nobumitsu Hayashi, Governor, JBIC in the presence of Mr. Sandeep Kumar, Director (Finance), PFC, Ms. Jasneet Guram, Executive Director (Finance), PFC, Mr  Kazunori Ogawa, Senior Managing Director, JBIC, Mr. Hiroyuki Suzuki, Director General, New Energy and Power Finance Department II, Mr. Atsuki Shibuya, Deputy Director General, New Energy and Power Finance Department II. In addition, to execute the deal, a side agreement to the loan was exchanged with Sumitomo Mitsui Banking Corporation in presence of Mr. Rajiv Kannan, Managing executive Director, Head of India Division, SMBC.

This loan will support the establishment of Assam Bio Ethanol Pvt Ltd’s pioneering second generation Bio-Ethanol and chemicals plant in Assam. The project, which utilises bamboo as feedstock, is a significant stride toward cleaner energy and self-reliance.

PFC, with its innovative financial solutions, industry collaborations, and strong partnerships, plays a pivotal role in financing, promoting, and accelerating the development of India’s power and allied infrastructure. The company’s involvement in this project is a testament to its commitment towards driving country’s energy transition.

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JBIC provided this long term facility to PFC under JBIC’s initiative titled ‘Global action for Reconciling Economic growth and ENvironmental preservation’ (“GREEN”), wherein JBIC financeprojects aimed at preserving the global environment ― such as projects that significantly reduce greenhouse gas (GHG) emissions. Thus, the funds will be utilized by PFC to finance its renewable energy portfolio, advancing India’s transition to non-fossil-fuel-based energy sources. This landmark deal marks the largest green financing agreement ever executed by JBIC with any company in India.

The loan agreement was signed by Mrs. Parminder Chopra, Chairman and Managing Director, PFC and Mr. Ogawa Kazunori, Senior Managing Director, JBIC in the presence of Mr. TakashiAriyoshi, Minister & Deputy Chief of Mission, Embassy of Japan; Mr. Shibuya Atsuki, Deputy Director General, JBIC and Mrs. Jasneet Guram, Chief General Manager (Finance) PFC.

“We have successfully utilised the first credit line from JBIC in year 2024. This new credit line is 4 times larger than the previous one and provides a longer tenor of up to 20 years. Promoting non-fossil fuel-based energy is a key priority for the Government of India. With the support of international lenders like JBIC, PFC will play a pivotal role in advancing this vision.” said Mrs. Parminder Chopra, CMD, PFC.

“India is a strategically important partner for Japan. As a Japanese government financial institution, JBIC is committed to supporting various policy initiatives aimed at sustainable economic development in India. This credit line is four times the scale of the previous agreement. Through closer cooperation with PFC, we would like to focus on identifying and developing wider variety of projects that contribute to the strengthening and developing of Japan-India bilateral cooperation” said Mr. OGAWA Kazunori, SMD, JBIC.

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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.

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