PSU Watch logo

| IRCON emerges as the lowest bidder in NHAI & Chennai Metro projects |   | Govt aiming for 10% reduction in India’s crude oil import by next year: PNGRB Secretary |   | Mahanagar Gas Ltd hikes gas prices for 3rd time in six weeks |   | India to allow international flight operations from Dec 15 |   | RBI accepts 21 recommendations on ownership of private banks |  

NTPC REL signs agreement for first green term loan of Rs 500 cr with BoI

NTPC Limited owned NTPC REL has signed its first green loan agreement of Rs 500 crore with the Bank of India for 25 years
NTPC REL signs first green term loan agreement of Rs 500 cr with Bank of India
NTPC REL signs first green term loan agreement of Rs 500 cr with Bank of India

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.

ALSO READ

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.

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)