The BNDES (National Bank for Economic and Social Development) signed, this Tuesday (25), in Tokyo, Japan, a loan agreement worth R$ 1,077 billion (equivalent to US$ 190 million) with Japanese financial institutions to finance green infrastructure projects in Brazil.
The agreement was signed with the JBIC (Japan Bank for International Cooperation), Or Citibank NA – Tokyo Branch and The Nishi-Nippon City Bank.
The resources will be allocated to initiatives in the areas of energy transmission, biofuels and renewable sources, including solar, wind, biomass and PCHs (small hydroelectric plants).
The selected projects must contribute directly to environmental preservation and climate change mitigation, in line with the initiative Green (Global Action for Reconciling Economic Growth and Environmental Preservation).
With this operation, BNDES has raised six funds with JBIC within the scope of the line Green since 2011, totaling US$ 950 million (approximately R$ 5,3 billion) allocated to sustainable projects.
In recent years, BNDES has sought to strengthen its operations with international financial institutions with the aim of diversifying its funding and expand investments in Brazil, especially in strategic areas, such as renewable energy generation.
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According to the director of Productive Development, Innovation and Foreign Trade at BNDES, José Luís Gordon, who represented the Bank during the g in Tokyo, the partnership between the institutions is fundamental for the relationship between Brazil and Japan.
“This partnership deals with an important area, which is the green economy, in which the two countries have a lot to work on together, such as in the development of sustainable fuels, sustainable mobility and renewable energy,” he said.
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