Public sector financer Rural Electrification Corporation (REC) has given its largest ever loan of Rs 8,775 crore to NTPC and Bihar State Electricity Electricity Board's power project. The loan agreement with this regard has been inked with REC.
Further, this loan has door-to-door tenure of 20 years having disbursement period of five years and is to be repaid in 15 years thereafter.
NTPC plans to utilize these funds for the 3X660-MW Nabinagar Super Thermal Power project situated in Aurangabad, Bihar. Nabinagar Power Generation Company is a 50:50 joint venture company between National Thermal Power Corporation and BSEB.
