NTPC, the largest power generator in the country, has entered into a term loan facility with the Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) for $350 million on January 25, 2014 to finance the supplies and services from Japan as well as India for the Kudgi Super Thermal Power Project Stage-I (3x800 MW). The facility has a door to door maturity of about 15 years.
The company has also entered into a fixed interest rate facility with the JBIC and SMBC for JPY 8,021 million on January 25, 2014 to finance the renovation and modernization of gas turbines at its Auraiya Gas Power Station. The facility has a door to door maturity of over 12 years.
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.
