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NTPC intends to raise up to Rs 62.13 bn dollar term loan in Japanese yen
To finance its capital expenditure on new and ongoing projects, state-owned power producer NTPC intends to raise a term loan in the amount of Rs 62.13 billion in Japanese Yen (JPY) denomination.
For the JPY loan, which will be obtained through external commercial borrowing, the corporation has requested bids.
Additionally, it was announced that the loan's revenues would be used to refinance previous ECB/Rupee loans that had been taken out domestically for CAPEX (capital expenditures), renewable energy projects, including hydro and coal mining.
The deadline for bid submission is March 1, 2023, and proposals will be accepted on that date.
The largest power-producing company in India is NTPC. With presence across the whole value chain of the power generation industry, it holds a strong position in the domestic power sector.
The third part capacity of the 300 MW Nokhra Solar PV Project in Bikaner, Rajasthan, which is 50 MW, is declared to be in commercial operation with effect from February 16, 2023.
With effect from December 20, 2022, the first part capacity of 100 MW and the second part capacity of 50 MW have already been announced to be in commercial operation.
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