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NTPC Group ties up JPY 30 billion funding from JBIC

NTPC Group ties up JPY 30 billion funding from JBIC

NTPC Group secured a JPY 30 billion loan (approx. USD 200 million/Rs. 1650 crore) from JBIC and other commercial banks, split equally between NTPC Limited and NTPC Renewables Energy Limited (NREL). This funding, part of JBIC’s GREEN initiative, supports environmental projects. NTPC will use its share for Flue Gas Desulphurization (FGD), reducing SOx emissions. NREL’s share will fund renewable energy projects.

This is the second loan for NTPC under JBIC’s GREEN operations in India. The loan proceeds shall be utilized by NREL for funding its capex for Renewable Energy Projects which would facilitate its mission of providing reliable, affordable, and sustainable energy.

The loan agreements for NTPC and NREL were signed by Jaikumar Srinivasan, Director (Finance), NTPC, and Neeraj Sharma, CFO, NREL, respectively with Ryuta Suzuki, Director General, New Energy and Power Finance Department II, JBIC, on 26 March 2024 at a ceremony held at NTPC Corporate office in New Delhi.

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