On Aug. 24, the Japan Bank for International Cooperation (JBIC) announced that it will have zero balance in large-scale coal-powered power projects by FY 2040. Its outstanding balance in such projects stood at 660.5 billion yen as of the end of FY 2020. This is the first time the bank disclosed a specific outlook [regarding coal-powered plant projects].
The JBIC is currently involved in coal-powered plant projects in Vietnam and Indonesia, but no new projects are being planned. The zero-balance estimate assumes that projects underway will be completed as scheduled, and there will continue to be no new ones.