NTPC REL signs 1st Green Term Loan agreement of 500 crores
NTPC REL currently has a renewable project portfolio of 3,450 MW of which 820 MW projects are under construction and 2,630 MW projects have been won for which PPAs are pending to be executed.
New Delhi: NTPC Renewable Energy Ltd (REL) a 100 percent subsidiary of NTPC Ltd, has signed its first Green Term Loan agreement of Rs. 500 crores at a very competitive rate with a tenor of 15 years with Bank of India on 29th September 2021 for its 470 MW Solar Projects in Rajasthan & 200 MW Solar Project in Gujarat.
NTPC REL currently has a renewable project portfolio of 3,450 MW of which 820 MW projects are under construction and 2,630 MW projects have been won for which PPAs are pending to be executed.
At the 45th annual general meeting (AGM) CMD mentioned, “A total of 1560 MW of renewable bids won in FY21, which constitute 15% of total bids finalized in the country in FY21, through open competition. We have also won 2765 MW RE bids in FY22 till date. NTPC has now emerged as a serious player in the Indian RE sector"
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