NTPC enters in loan agreement with Japan Government MOU

The loan agreement was signed by Shri Anil Kumar Gautam, Director (Finance), NTPC and Mr. TANIMOTO Masayuki, Managing Executive Officer, Global Head of Infrastructure & Environment Finance Group, JBIC through video conferencing.

 

NTPC enters in loan agreement with Japan Government
Shri Anil Kumar Gautam, Director (Finance), NTPC and Mr. TANIMOTO Masayuki, Managing Executive Officer, Global Head of Infrastructure & Environment Finance Group (PSU Connect)

 

New Delhi: NTPC Limited enters into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion under GREEN initiative
 
The loan proceeds to be utilized by NTPC for funding its capex for Flue Gas Desulphurization (FGD) & RE project. In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative, India’s largest power producer today entered into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion (approx. USD 482 million or Rs. 3,582 crore). 
 
JBIC will provide 60% of the facility amount and the balance will be given by commercial banks (viz., Sumitomo Mitsui Banking Corporation, the Bank of Yokohama Ltd., the San-In Godo Bank Ltd., the Joyo Bank Ltd. and The Nanto Bank Ltd.), under JBIC guarantee.
 
The loan proceeds will be utilized by NTPC Ltd, for funding its capex for Flue Gas Desulphurization (FGD) & Renewable Energy projects. FGD, substantially reduces the SOx emission in the flue gases of thermal power plants and is a critical step towards environmental sustainability.
 
The loan agreement was signed by Shri Anil Kumar Gautam, Director (Finance), NTPC and Mr. TANIMOTO Masayuki, Managing Executive Officer, Global Head of Infrastructure & Environment Finance Group, JBIC through video conferencing.


Posted Date :  28-10-20

Categories : MOU

Tag Cloud: MOU

Similar news

ICAR-IARI and Ministry of Steel signed MoU

New Delhi: ICAR-Indian Agricultural Research Institute and Ministry of Steel Ministry signed MoU today, Steel Authority of India Limited has been associated as one of the industry partners for the R&D project proposal on ‘Development of steel slag-based cost-effective eco-friendly fer
Posted Date :  31-07-21

Read more

CWC signs MoU with M/s Our Food Pvt Ltd

New Delhi: Central Warehousing Corporation (CWC) on 28.07.21 signed an MoU with M/s Our Food Private Ltd, an Agri Start-Up to facilitate Farmgate level distribution centres for Agri commodities by providing scientific warehousing, value-added services to empower Farmers.  
Posted Date :  29-07-21

Read more

NSIC Signs MoU with Bank of Baroda

New Delhi: NSIC enters into MoU with Bank of Baroda on 27.07.2021 at New Delhi for building a long-term and strategic partnership with a commitment to support MSMEs with their credit requirements.   This MoU was signed by Sh. P. R Kumar, CGM, NSIC and Smt. Sammita Sachdev, General Manager
Posted Date :  28-07-21

Read more

NHPC signs MOU with District Civil, B.K.Hospital, Faridabad

Faridabad: National Hydroelectric Power Corporation Limited, an Indian government hydropower board under the ownership of Ministry of Power has signed a MoU with District Civil (B.K. Hospital), Faridabad in presence of Sh Biswajit Basu, Director (Projects), NHPC & Sh J.R Chaudhary, Executiv
Posted Date :  26-07-21

Read more

NBCFDC executes Agreement with Jana Small Finance Bank

New Delhi: National Backward Classes Finance & Development Corporation is a Govt. of India Undertaking under the aegis of Ministry of Social Justice and Empowerment executed Memorandum of Agreement on July 22, 2021, with Jana Small Finance Bank to implement VISVAS Scheme for providing interest s
Posted Date :  23-07-21

Read more

NBCC Inked MoU with IIT Madras

New Delhi: On 19th July 2021, in presence of Shri PK Gupta, CMD, NBCC, the Company inked an MoU with IIT Madras for construction of Lab space at Thaiyur Campus, IIT Madras under its CSR activity.   This initiative shall meet the growing infrastructure needs of the Institute and will provi
Posted Date :  22-07-21

Read more

NBCC inks MoU with NIT, Uttrakhand

New Delhi: NBCC inked MoU with National Institute of Technology (NIT), Uttarakhand on July 16, 2021, for providing PMC services for their new permanent Campus at Sumari Village in Pauri, Garhwal valuing Rs.596.75 cr.    The agreement was signed by Dr. Prabhakar Mani Kala, Registrar N
Posted Date :  19-07-21

Read more