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NTPC’s JV achieves FC to set-up Maitree power project

11 Apr 2017 Evaluate

Bangladesh India Friendship Power Company (BIFPCL), a 50:50 joint venture company between NTPC and Bangladesh Power Development Board (BPDB) has achieved Financial Closure on April 10, 2017 to set up 1320 MW (2 x 660 MW) coal based Maitree super thermal power project at Rampal in Bagerhat District of Khulna division, Bangladesh. An agreement was signed with Indian Exim Bank to provide loan up to $1.6 billion for financing this project.

NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities.

Peers
Company Name CMP
NTPC 320.45
Tata Power 349.30
Adani Power 198.40
Power Grid Corpn. 256.50
Adani Energy Solut. 1343.15
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