POWERGRID Raises JPY 80 Billion Green Loan from JBIC
Why in the news
Power Grid Corporation of India (POWERGRID) was reported to have raised a JPY 80 billion green loan in July 2026, one of the larger green funding deals in power transmission.
Key facts
- Loan: JPY 80 billion green loan, about USD 539 million.
- Lender: Japan Bank for International Cooperation (JBIC), with co-financiers Sumitomo Mitsui Banking Corporation (SMBC), Kansai Mirai Bank, Kiraboshi Bank and The Joyo Bank.
- Project: Khavda-Nagpur High Voltage Direct Current (HVDC) transmission, carrying renewable power from the Khavda park in Gujarat to Nagpur in Maharashtra.
- Target link: 500 GW of renewable capacity by 2030; transmission network to reach 191,000 circuit km by 2032.
| Item | Detail |
|---|---|
| Borrower | Power Grid Corporation of India Limited |
| Amount | JPY 80 billion |
| Project | Khavda-Nagpur HVDC |
| Goal | 500 GW renewables by 2030 |
About the borrower
Green loans are earmarked for environment-friendly projects, here a transmission line built to carry renewable power. The borrower is Power Grid Corporation of India Limited, and the funded line fits the planned expansion of the national transmission network.
Exam angle
- Remember amount, lender (JBIC) and project (Khavda-Nagpur HVDC).
- The lender is Japanese; co-financing banks are also Japanese.
- India’s renewable goal: 500 GW by 2030.