New Delhi, 5 July: In a significant boost to India’s clean energy transition, Power Grid Corporation of India Limited (POWERGRID) has secured a JPY 80 billion (approximately ₹4,700 crore) green loan from the Japan Bank for International Cooperation (JBIC) to support the development of critical renewable energy transmission infrastructure.
The loan agreement, signed on June 17, 2026, will primarily finance the Khavda–Nagpur High Voltage Direct Current (HVDC) transmission project, a key corridor designed to evacuate renewable energy from one of India’s largest green energy hubs in Gujarat to demand centres across the country.
The financing marks a strategic collaboration between POWERGRID and JBIC aimed at accelerating renewable energy integration while strengthening India’s transmission network. The project is expected to play a vital role in supporting the country’s clean energy ambitions and ensuring reliable power evacuation from upcoming renewable energy projects.
The green loan also reflects POWERGRID’s continued commitment to Environmental, Social and Governance (ESG)principles. The company has embedded sustainability into its operations and has set ambitious targets, including achieving net-zero emissions by 2047, zero waste to landfill by 2030, and becoming net water positive by 2030.
JBIC, a policy-based financial institution wholly owned by the Government of Japan, supports strategic infrastructure and sustainable development projects worldwide by complementing private-sector financing.
POWERGRID, a Maharatna Central Public Sector Enterprise under the Ministry of Power, is India’s largest electric power transmission utility and a key enabler of the country’s renewable energy expansion. As of May 31, 2026, the company operated 185,750 circuit kilometres of transmission lines, 291 substations, and a total transformation capacity of 630,516 MVA, with an extensive extra-high-voltage network spanning India and connecting neighbouring countries.
The latest funding is expected to further strengthen India’s power transmission infrastructure and facilitate the seamless integration of renewable energy into the national grid, supporting the country’s long-term energy security and decarbonisation goals.
Author
About the Author
