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PFC Sign 120 Billion JPY Loan Deal with JBIC for RE Projects in India

Published on January 20, 2025
Current Context: On January 15, 2025, the Power Finance Corporation (PFC) signed a 120 billion Japanese yen (JPY) loan agreement with the Japan Bank for International Cooperation (JBIC).
PFC Sign 120 Billion JPY Loan Deal  with JBIC for RE Projects in India
  • This loan, part of JBIC's Global action for Reconciling Economic growth and Environmental preservation (GREEN) initiative, aims to finance PFC's renewable energy projects in India.
  • The funds will support India's transition to non-fossil-fuel-based energy sources.
  • This deal marks the largest green financing agreement ever executed by JBIC with any company in India.

Question:

1 What is the total amount of the loan agreement signed between Power Finance Corporation (PFC) and the Japan Bank for International Cooperation (JBIC) on January 15, 2025?

  • A) 120 billion Japanese yen
  • B) 100 billion Japanese yen
  • C) 150 billion Japanese yen
  • D) 200 billion Japanese yen
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