Ntpc Loan Agreement
The statement also stated that NTPC`s loan revenues would be used to finance its capital expenditures for waste disposal (FGD) and renewable energy. This agreement with the Japanese government`s financial institution amounts to JPY 50 billion (approximately $482 million and $3,582 billion). As part of JBIC`s communications activities, the facility will be extended to projects that guarantee environmental protection around the world. NTPC AG will use the proceeds of the loan to finance its capital expenditures (CAPEX) for Dief`s gas decommissioning (FGD) and renewable energy projects. The loan agreement was signed on October 28, 2020 by Shri Anil Kumar Gautam, Chief Financial Officer, NTPC and TaniMOTO Masayuki, Director of Management, Global Head of Infrastructure – Environment Finance Group, JBIC, via videoconference. NTPC Ltd signed an agreement on Wednesday with the Japan Bank for International Cooperation (JBIC) for a loan of 3,500 Us-Euro. The proceeds of the loan are used by India`s largest electricity producer to finance its Capex for smoke gas de-inflow (FGD) and financing renewable energy projects that NTPC Limited has entered into with the Japan Bank for International Co-operation (JBIC) in foreign currency for US$3.582 million. This is part of JBIC`s Green or Global Action for Reconciing Economic Growth and Environment Preservation initiative, according to an official statement. This is the first loan to NTPC as part of JBIC`s green operations in India, he said. NTPC Ltd, India`s largest energy group, has entered into a foreign exchange credit agreement with the Japanese government`s financial institution, the Japan Bank for International Co-operation (JBIC). “NTPC has entered into a 50 billion JPY (approximately $480 million, or $3,500 billion) credit contract with JBIC, the Japanese government`s political financial institution,” he said in a company statement. NTPC Ltd.
has entered into a JPY 50 billion (approximately RS 482 million and RS 3,582 million) credit contract with the Japan Bank for International Co-operation (JBIC), the Japanese government-based financial institution. JBIC provided 60% of the facility amount and the balance of the facility is provided by commercial banks (z.B. Sumitomo Mitsui Banking Corporation, Bank of Yokohama Ltd., San-In Godo Bank Ltd., Joyo Bank Ltd.