NTPC, the state-run power producer has inked pact with German entity KfW for a fixed interest term loan facility of €95 million. It will utilize these funds to part-finance the capital expenditure on renovation and retrofitting of electro static precipitators at various generation stations of NTPC, in order to reduce the fly ash emissions.
The term loan facility of €95 million would have a fixed interest and has a door to door maturity of 12 years including grace period of four years. The loan shall be repaid in 16 equal semi-annual installments.
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.
