EnergyBanks to work with state-backed JBIC to strengthen New Delhi's energy securityThe new power project is to be announced in conjunction with Indian Prime Minister Narendra Modi's meeting with Japanese Prime Minister Sanae Takaichi in New Delhi. © ReutersSATOSHI IWAKIJuly 2, 2026 02:00 JSTNEW DELHI -- State-backed Japan Bank of International Cooperation (JBIC), Sumitomo Mitsui Banking Corp. and other lenders will provide up to 80 billion yen ($492 million) in financing to develop India's power grid, Nikkei has learned.