New Delhi: Maharatna Power PSU NTPC Limited on Thursday said that its full owned subsidiary NTPC Renewable Energy Limited (NTPC-REL) has signed its first green term Loan agreement of Rs 500 crores with Bank of India on September 29. In an official statement, NTPC said the agreement has been signed at a very competitive rate with a tenor of 15 years with Bank of India for its 470 MW solar projects in Rajasthan and 200 MW solar project in Gujarat.

The facility agreement has been signed in presence of senior officials from NTPC Limited, NTPC REL and Bank of India.

According to the data available with the Ministry of Power, NTPC REL has a renewable project portfolio of 3,450 MW of which 820 MW projects are under construction and 2,630 MW projects have been won for which PPAs are pending to be executed.

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