On 29th August 2025, Power Finance Corporation Limited (PFC), a Maharatna CPSE, signed a loan agreement worth Rs 3,500 crore with a Japan-based bank to support clean energy projects in India. The loan is aimed at financing a bamboo-based bioethanol production and power generation project in Assam. Which bank did PFC sign this loan agreement with?

The correct answer is Japan Bank for International Cooperation (JBIC). In News Power Finance Corporation Limited (PFC) and Japan Bank for International Cooperation (JBIC) signed a Rs 3,500 crore loan agreement to finance clean energy projects in India. The loan, in the form of a 60 billion Japanese Yen (JPY) agreement, will support bamboo-based bioethanol production and power generation in Golaghat, Assam, under the project by ABEPL. This project aligns with India's National Policy on Biofuels (NPB), supporting the target of E20 fuel by 2025, while also benefiting local bamboo farmers and reducing environmental impact. Key Points PFC signed a loan agreement worth Rs 3,500 crore with Japan Bank for International Cooperation (JBIC) to finance clean energy projects in India. The loan will support a bamboo-based bioethanol production and power generation project in Golaghat, Assam, aligned with India’s goal of achieving E20 fuel by 2025. The co-financing agreement also involves four Japanese banks, with JBIC contributing JPY 36 billion towards the total loan amount. Japan Bank for International Cooperation (JBIC) JBIC is a Japanese governmental financial institution that supports projects aimed at promoting Japanese exports and global sustainable development, including clean energy projects worldwide. Additional Information National Policy on Biofuels (NPB) The NPB aims to increase the use of biofuels in India to reduce dependency on fossil fuels, with a target of E20 fuel (20% ethanol blending with petrol) by 2025.