State-owned SJVN Ltd has secured Rs 915 crore ‘GREEN’ finance from Japan Bank for International Cooperation to fund its 90 MW Omkareshwar floating solar project in Madhya Pradesh and 100 MW Raghanesda solar project in Gujarat.
“SJVN secured GREEN financing from Japan Bank for International Cooperation (JBIC) amounting to JPY 15 billion. (approx. INR 915 cr). The loan is co-financed with Japanese private financial institutions,” a BSE filing stated.
The SJVN and JBIC virtually inked the ‘Facility Agreement’ under Global action for Reconciling Economic growth and Environmental preservation (GREEN) programme of JBIC.
