NTPC Secures USD 200 Million Loan from JBIC for Renewable Projects

• State-owned power giant NTPC has finalized an agreement with the Japan Bank for International Cooperation (JBIC) to obtain foreign currency loans totaling USD 200 million (JPY 30 billion or approximately Rs 1,650 crore). This financing arrangement signifies a significant step in NTPC’s endeavor to augment its renewable energy initiatives.
• This loan will enable NTPC to accelerate its renewable energy projects, thereby contributing to India’s renewable energy targets and sustainable development goals.
• Notably, this marks the second loan extended to NTPC under JBIC’s GREEN operations in India, reflecting a continued partnership in promoting environmentally sustainable initiatives.

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Published date : 28 Mar 2024 05:50PM