NTPC Renewable Energy signs Green Term Loan agreement

NTPC India power project

NTPC Renewable Energy has signed its first Green Term Loan agreement of Rs 500 crore at a very competitive rate with a tenor of 15 years with Bank of India for its 470 MW Solar Projects in Rajasthan & 200 MW Solar Project in Gujarat.

A K Gautam, Director (Finance), NTPC, C K Mondal, Director (Commercial) NTPC & Chairman of NTPC REL, Mohit Bhargava, ED (RE) NTPC & CEO (NTPC REL), Aditya Dar ED (Fin) NTPC & Director NTPC REL, were present during the signing of the facility agreement.

NTPC REL has renewable projects of 3,450 MW of which 820 MW projects are under construction and 2,630 MW projects been won for which PPAs are pending to be executed.