News SnippetsPower

NTPC Raises Japanese Yen Loan Worth Rs. 5,367 Crore

State-run power giant NTPC raises a syndicated term loan in Japanese Yen (JPY), equivalent to Rs. 5,367 Crore. The facility is fully underwritten by State Bank of India, Tokyo, Sumitomo Mitsui Banking Corporation, Singapore and Bank of India, Tokyo with door-to-door maturity of 11 years. It is the highest ever single foreign currency loan raised by NTPC. The loan shall be utilized for installation of hydro projects, flue gas desulphurisation (FGD) system and other projects using ultra-supercritical technology with low carbon emission.