NTPC’s joint venture (JV) with BSES, Bihar - Nabinagar Power Generation Company, has achieved financial closure for Nabinagar Super Thermal Power Project consisting of three units of 660 MW each. The project is situated in the Aurangabad district of Bihar.
A loan agreement for Rs 8,775 crore in this regard was signed on February 08, 2013 with Rural Electrification Corporation (REC). The loan would be utilized for financing capital expenditure of Nabinagar Super Thermal Power Project.
NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.
