NTPC Ltd has signed a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs1,650 crore).

Banking & Finance

NTPC Ltd has signed a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs1,650 crore). Japan Bank for International Cooperation (JBIC), a government policy-based financial institution, will provide 60 percent of the facility amount and the balance amount will be provided by other commercial banks under JBIC guarantee. The agreements have been signed for a JPY 15 billion loan each for NTPC Ltd and NTPC Renewables Energy Ltd (NREL). The facility has been extended under JBIC's initiative entitled 'Global action for Reconciling Economic growth and Environment preservation' ("GREEN") for projects which ensure the conservation of the global environment. The loan proceeds shall be utilized by NTPC for funding part of its capex requirements for Flue Gas Desulphurization (FGD) which substantially reduces the SOx emission in the flue gases of thermal power stations.


      This is the second loan for NTPC under JBIC's GREEN operations in India.

     

     

 

     


NTPC Ltd

Founded- November 1975; HQ- New Delhi
CEO- Gurdeep Singh
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