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The Japan Bank for International Cooperation (JBIC; Governor: AMAKAWA Kazuhiko) signed on August 7 a loan agreement amounting to approximately USD801 million with Japan Invest 4 LLC (JI4), a U.S. company established with equity investment from JBIC. The loan is co-financed with Citibank, N.A., Tokyo Branch (agent bank) and JPMorgan Chase Bank, N.A., Tokyo Branch, bringing the total co-financing amount to approximately USD2,397 million. Nippon Export and Investment Insurance (NEXI) will provide the insurance for the loan by these private financial institutions.
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The loan is intended to provide the funds necessary for JI4 to invest in a natural gas generation project in Pennsylvania under the Strategic Investment Initiative based on the Memorandum of Understanding on Strategic Investment announced by the Governments of Japan and the United States in September 2025. This loan corresponds to the initial investment for this project.
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This project will proceed with the development of natural gas generation facilities, and the offtake from the project is expected to include the supply of electricity to data centers. The project aims to help meet rapidly growing power demand in the United States while securing essential infrastructure for AI and advanced industries. Through cooperation between Japanese and U.S. companies in developing such infrastructure, the project is expected to contribute toward the strengthening of supply chain resilience in critical infrastructure sectors in both countries.
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As AI infrastructure can serve as a foundation not only for advanced industries but also for critical industries and the security domain, this project is expected to support the enhancement of Japan’s economic security, as well as the maintenance and improvement of its industrial competitiveness. In addition, it has been confirmed by the Government of Japan that some Japanese companies have expressed interest in supplying power generation facilities for this project.
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The Government of Japan has indicated that the promotion of this project is aligned with the objectives of the Strategic Investment Initiative, including the promotion of mutual benefits between Japan and the U.S., the enhancement of economic security, and the promotion of economic growth.
