New Delhi: State-owned NTPC plans to raise term loan of USD 750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects. The company has sought bids for the JPY loan, which is to be raised through External Commercial Borrowing route. According to a bid document, the term loan would be for USD 150 million with green shoe option of USD 600 million.
NTPC also stated that the proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/Rupee loan availed domestically for CAPEX (capital expenditure) etc.
The last date for submission of bids is March 1 and proposals would be opened the same day.
In a BSE filing, NTPC stated that consequent upon successful commissioning, third part capacity of 50 MW out of 300 MW Nokhra Solar PV Project at Bikaner, Rajasthan, will commence its commercial operations with effect from February 16.
The first part capacity of 100 MW has already been declared on commercial operation with effect from December 20, 2022 and second part capacity of 50 MW with effect from December 30, 2022.
With this, it stated that standalone installed and commercial power generation capacity of the NTPC will become 58,979 MW and 58,319 MW respectively, while group installed and commercial capacity of NTPC along with joint ventures and arms will become 71,594 MW and 70,934 MW respectively.
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