Export Credit for Supercritical Coal-fied Power Generation Project
Supporting Japanese Export of Thermal Power Generation Equipment to India
- Area: Asia
- Machinery and Equipment
JBIC signed a loan agreement with ICICI Bank Limited (ICICI), the largest private sector bank in India, to finance the Japanese export to India of high efficiency and performance boilers and turbines built with high compression technologies*1 by the consortium of Marubeni Corporation and Mitsubishi Heavy Industries, Ltd. This is for its supercritical pressure coal-fired thermal powerplant to be built and run by Nabha Power Ltd. in the State of Punjab, India. This loan contributes India to solve the tight supply of electricity, from its rapid economic growth, through the development of power infrastructure.
- *1High compression technology is the technology used in power generation by operating supercritical turbines and boilers at very high temperature and pressure above water’s critical point. It is expected to help to reduce greenhouse gas (GHG) with higher fuel efficiency compared to sub-critical coal fired technology.