Asian countries will work together to promote financing for Energy Transition and Net Zero goals-R.K.Singh
PFC is the 1st member from India to join Asia Transition Finance Study Group
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 sidelines of G20 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 countries were present.
PFC is the first member from India to join ATFSG. This is an initiative by the 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 effective energy 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, Trade and Industry, Government of Japan, acknowledged India’s strategic importance and welcomed PFC to the Study Group.
