Mumbai: NTPC Ltd has entered into a tie-up with the German major KfW for attaining a fixed interest term loan facility worth about Rs738 crore. The funds gained through the recent tie-up will be utilized to partially finance the capital expenditure on renovation and retrofitting of Electro Static Percipitators at various generation stations of NTPC to reduce fly ash emissions.
Commenting on the said initiative, the state run body disclosed in its official statement, “The facility has a door-door maturity of 12 years involving a four years grace period. The loan shall be repaid in 16 equal semi-annual installments.”
“The tie up reinforces the strong and long standing bond between the company and KfW, opined AK Singhal, NTPC Director (Finance).
On the behlf of :- http://www.epcworld.in/epcnews/ntpc-ties-up-with-kfw-gains-rs738-cr-loan-facility.aspx
Commenting on the said initiative, the state run body disclosed in its official statement, “The facility has a door-door maturity of 12 years involving a four years grace period. The loan shall be repaid in 16 equal semi-annual installments.”
“The tie up reinforces the strong and long standing bond between the company and KfW, opined AK Singhal, NTPC Director (Finance).
On the behlf of :- http://www.epcworld.in/epcnews/ntpc-ties-up-with-kfw-gains-rs738-cr-loan-facility.aspx