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NTPC REL Signs First Green Term Loan

Sep 30th, 2021 7:03 pm | By | Category: LATEST NEWS

(THE NEWSMAN OF INDIA.COM)
New Delhi, September 30th, 2021: NTPC Renewable Energy ltd (REL) a 100 per cent subsidiary of NTPC ltd, has signed its first Green Term Loan agreement of ₹ 500 crores at a very competitive rate with a tenor of 15 years with Bank of India on 29th September 2021 for its 470 MW Solar Projects in Rajasthan & 200 MW Solar Project in Gujarat.

The Facility agreement was signed in the presence of Shri A K Gautam, Director (Finance), NTPC, Shri C K Mondal, Director (Commercial) NTPC & Chairman of NTPC REL, Shri Mohit Bhargava, ED (RE) NTPC & CEO (NTPC REL), Shri Aditya Dar ED (Fin) NTPC & Director NTPC REL and senior officials from Bank of India.

NTPC REL currently 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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