JNPA Secures $70 Million IFC Blue Financing for Shore Power Infrastructure Across Its Container Terminals at Nhava Sheva, Navi Mumbai
Jawaharlal Nehru Port Authority (JNPA) has partnered with the International Finance Corporation (IFC) to develop shore power supply (SPS) infrastructure across its terminals in Navi Mumbai. IFC will provide $70 million (about ₹650-670 crore), reported as a 10-year loan that needs no sovereign guarantee. The financing is described as India's first blue financing in the maritime sector. It is also the first labelled blue financing for port infrastructure in the Asia-Pacific region.
The infrastructure will let ships at berth switch off auxiliary diesel engines and connect to land-based electricity. JNPA expects the project to cut carbon emissions by 63% and air pollution by up to 90%, and to create over 400 jobs. Vessels at berth are estimated to use 119,084 MWh of shore power a year, avoiding about 71,282 tonnes of CO2 emissions. The project is expected to be completed by 2028.
JNPA operates five container terminals: NSFT, NSICT, NSIGT, BMCT and APM Terminals. It also has a shallow water berth for general cargo, liquid cargo facilities and a coastal berth. No major Indian port has yet deployed shore power at scale commercially.
The project aligns with the Maritime India Vision 2030 and the Harit Sagar Green Port Guidelines. It is among the first to follow the Blue Finance guidelines under the Indian Ports Act, 2025. IFC has also supported JNPA's Sustainable Finance Framework, meant to mobilise further green and blue financing.
