PFCis the 1st member from India to join Asia Transition Finance Study Group
24, July, Goa:Power Finance Corporation has announced joining“Asia
Transition Finance Study Group” (ATFSG) during the Bilateral Ministerial
Meeting between Hon’ble Minister of Power and New and Renewable Energy Mr. R.
K. Singh and His Excellency Mr. Yasutoshi Nishimura, Minister of Economy, Trade
and Industry, Government of Japan on the side lines ofG20 summit at Goa. Mr
B.S. Bhalla, Secretary(MNRE), Mr. Ajay Tewari, Additional Secretary
(Power), Mrs. Parminder Chopra, CMD
(Addl. Charge), PFC and Senior Officials from both the countries were
present.
PFC is the first member from India to join
ATFSG.This is an initiative by Japanese Ministry of Economy, Trade and Industry
(METI) for promoting sustainable transition finance for Asian Countries. Other members and observers of the ATFSG include
Japanese banks, major Asian and global financial institutions, development
banks, export credit agencies, and government agencies. PFC as a member of ATFSG will voice India
perspective, while developing policy considerations for effectiveenergy transition
financing.
On this occasion, Hon’ble Minister of Power
and New and Renewable Energy Mr. R. K. Singh expressed pleasure about this
development and said that by joining hands with ATFSG, Asian countries will
work together to promote financing for Energy Transition and Net Zero goals.
His Excellency Mr. Yasutoshi Nishimura, Minister of Economy, Tradeand Industry,
Government of Japan, while acknowledging India’s strategic importance, welcomed
PFC tothe Study Group.
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