Japan Bank aid for NTPC project
India’s largest public sector power producer National Thermal Power Corporation has signed a loan agreement with Japan Bank for International Co operation (JBIC) to finance its ongoing project of 1980 MW Barh Super Thermal Power in Bihar.
A company statement said today that NTPC concluded a USD 380 million loan facility under the (JBIC) guarantee to part finance the 1,980MW (3x660MW) Barh Super Thermal Power Project (Stage-I) in Bihar.
The agreement was singed in Dec 20 at Tokyo by NTPC Director (Finance) A K Singhal.
The statement further noted that the facility, which was arranged and guaranteed by JBIC, has floating interest rate linked to the LIBOR and door-to-door maturity of 18 years.
This is the first facility extended by the JBIC to NTPC without sovereign guarantee
NTPC has an installed capacity of 28,644 MW and generates about 28 per cent of power produced in the country.
India’s largest public sector power producer National Thermal Power Corporation has signed a loan agreement with Japan Bank for International Co operation (JBIC) to finance its ongoing project of 1980 MW Barh Super Thermal Power in Bihar.
A company statement said today that NTPC concluded a USD 380 million loan facility under the (JBIC) guarantee to part finance the 1,980MW (3x660MW) Barh Super Thermal Power Project (Stage-I) in Bihar.
The agreement was singed in Dec 20 at Tokyo by NTPC Director (Finance) A K Singhal.
The statement further noted that the facility, which was arranged and guaranteed by JBIC, has floating interest rate linked to the LIBOR and door-to-door maturity of 18 years.
This is the first facility extended by the JBIC to NTPC without sovereign guarantee
NTPC has an installed capacity of 28,644 MW and generates about 28 per cent of power produced in the country.