State-owned hydropower giant NHPC on Thursday said it has inked a loan agreement of JPY 20 billion (around Rs 1,100 crore) with Japan Bank for International Cooperation (JBIC) for developing a 300 MW solar project in Bikaner, Rajasthan.
This is the first kind of loan syndication by NHPC with JBIC for the financing of renewable energy project, a company statement said.
According to the statement, JBIC’s loan is co-financed with MUFG Bank Ltd., Japan and Bank of Yokohama Ltd, Japan.
