POWERGRID, a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, has secured a JPY 80 billion green loan from the Japan Bank for International Cooperation (JBIC), reinforcing its role in advancing India’s renewable energy transition. The loan agreement between POWERGRID and JBIC was signed on June 17, 2026.
The financing will support the Khavda–Nagpur High Voltage Direct Current (HVDC) transmission project, a strategic partnership between POWERGRID and JBIC to strengthen critical transmission infrastructure and support the integration of renewable energy into the country’s national grid. The green loan also reinforces POWERGRID’s ongoing commitment to India’s energy transition, while adhering to high environmental, social and governance (ESG) standards.
POWERGRID has imbibed the ESG principles throughout its business operations as a part of its sustainable development strategy and has defined a clear ESG vision and targets. The company is working towards achieving net zero emissions by 2047, zero waste to landfill by 2030 and net water positive by 2030.
The Japan Bank for International Cooperation (JBIC) is Japan’s policy-based financial institution and is wholly owned by the Japanese government. Headquartered in Tokyo, JBIC was established in 1999 to contribute to the sustainable development of the Japanese economy and the world economy by providing financing that complements that provided by private-sector financial institutions.
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