India, July 2 -- The Japan Bank for International Cooperation (JBIC; Governor: AMAKAWA Kazuhiko) signed on June 17 a loan agreement amounting to up to JPY80 billion, of which JBIC's portion is JPY48 billion, with Power Grid Corporation of India Limited (PGCIL), India's state-owned transmission company. The loan is co-financed with Sumitomo Mitsui Banking Corporation, Kansai Mirai Bank, Limited, Kiraboshi Bank, Ltd., and The Joyo Bank, Ltd. JBIC will also provide a guarantee for the portion co-financed by the private financial institutions. The loan is intended to provide PGCIL with the funds necessary for a high-voltage direct current (HVDC) transmission project in India as part of GREEN operations. This project involves transmitting electr...