New Delhi: India’s largest power producerNTPCon Tuesday entered into foreign currency loan agreement with Japanese government’s financial institution for about Rs 3,582 crore.
The loan proceeds will be utilised by NTPC Ltd for funding its capex for Flue Gas Desulphurisation (FGD) and renewable energy projects.
“FGD, substantially reduces the SOx emission in the flue gases of thermal power plants and is a critical step towards environmental sustainability,” an official statement said.
JBIC will provide 60% of the facility amount and the balance will be given by commercial banks (viz., Sumitomo Mitsui Banking Corporation, the Bank of Yokohama Ltd., the San-In Godo Bank Ltd., the Joyo Bank Ltd. and The Nanto Bank Ltd.), under JBIC guarantee, the statement said.NTPC ties up with Japan Bank for Rs 3,500 cr loan
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