Monday, June 27, 2022

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

Must read

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.

(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.)

- Advertisement -

More articles

- Advertisement -

Latest News