NTPC signs pact with Japanese agency for USD 200 million loan

NTPC signs pact with Japanese agency for USD 200 million loan

Daily Current Affairs   /   NTPC signs pact with Japanese agency for USD 200 million loan

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Category : National Published on: March 29 2024

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  • NTPC, the state-owned power giant, has signed a pact with Japan Bank for International Cooperation (JBIC) for sourcing foreign currency loans totaling USD 200 million (JPY 30 billion or approximately Rs 1,650 crore).
  • JBIC will provide 60% of the loan amount, while the remaining balance will be furnished by other commercial banks under JBIC guarantee. This financing structure aims to facilitate NTPC's projects by leveraging the support of both public and private financial institutions.
  • The loan agreements are for NTPC Ltd and NTPC Renewables Energy Ltd (NREL).
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