JBIC provides JPY 80 billion loan to Power Grid Corporation of India for HVDC renewable energy transmission project
Type: Financing · Technology: Transmission · Country: India · Value: JPY 80B · Announced: 2026-07-08
The Japan Bank for International Cooperation (JBIC) signed a JPY 80 billion loan agreement with Power Grid Corporation of India Limited (PGCIL) to finance a high-voltage direct current (HVDC) transmission project. The project will facilitate the transport of renewable energy from Gujarat to Maharashtra, supporting India’s renewable energy expansion goals. This initiative strengthens Japan’s energy cooperation in Asia and aligns with India’s broader strategy to integrate renewable energy into its national grid. The HVDC transmission system is critical for efficiently moving large-scale renewable energy across long distances with minimal losses. The financing structure underscores JBIC’s role in supporting cross-border energy infrastructure development.
Counterparties
- Japan Bank for International Cooperation (Lender)
- Power Grid Corporation of India Limited (Borrower)