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Japan Bank for International Cooperation likely to return to Poland

Japan Bank for International Cooperation is interested in returning to Poland and financing modern technologies offered by Japanese companies. It may offer loans for energy projects, including the development of hydrogen technologies.

In 2020 Japan Bank for International Cooperation has financed 207 projects worth EUR 18 bn, including EUR 5 bn in Europe. The bank was not engaged in any project in Poland after 2010, but according to the “Puls Biznesu” daily it is likely to re-enter the Polish market soon.

“We are interested in financing technology projects. Poland and Japan can cooperate in the energy transformation – resigning from coal energy and increasing energy effectiveness. We expect Polish and Japanese companies to cooperate on such projects. Poland is one of the European leaders in IT engineering and may become the innovation hub,” the head of the JBIC office in Paris Hiroshi Higashi said.

Japanese companies are interested in the energy sector which requires investments in increasing effectiveness and IT development. Higashi pointed out that JBIC was likely to engage in cooperation between Polish and Japanese businesses.

Tomoho Umeda CEO of design company Hynfra, which invests in the development of green hydrogen projects believes that JIBC is likely to co-finance the first projects by the end of this year.

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