NTPC has entered into foreign currency loan agreement with Japan Bank for International Cooperation (JBIC) for JPY 50 billion (approximately $480 million or Rs 3,500 crore). As per the agreement, JBIC will provide 60 percent of the loan amount and the balance will be extended by commercial banks namely Sumitomo Mitsui Banking Corporation, Bank of Yokohama, San-In Godo Bank, Joyo Bank and Nanto Bank, under the JBIC guarantee.
The facility is extended under JBIC's Global Action for Reconciling Economic growth and Environment preservation (GREEN) for projects which ensure conservation of global environment. The loan proceeds shall be utilized by the company for funding its capital expenditure (capex) for Flue Gas Desulphurization (FGD) and renewable energy projects.
NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining
