NTPC signs 100th Term Loan of Rs 600 crore

In order to finance the capital expenditure of its projects, NTPC has been raising debt from Indian Banks and FI’s since November 1999 and has signed loan agreements of Rs 57,629.35 crore. Out of these, loan amounting to Rs 41,404.35 crore has already been drawn and utilised. On December 05, 2012, NTPC signed 100th term loan agreement for Rs 600 crore with The Jammu and Kashmir Bank Ltd. The loan facility has been extended at the Base Rate of the Bank, which is the bare minimum rate at which a bank can lend. This loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. The ceremony was chaired by Shri A.K.Singhal, director (finance), NTPC Ltd and Mr Abdul Hamid Banday, president, J&K Bank Ltd.

NTPC is India’s largest power utility with an installed capacity of 39,674 MW through 16 coal based, seven gas / liquid fuel and seven joint venture / subsidiary power stations. The company presently has over 16,000 MW capacity under construction at various locations in the country. NTPC is number one Independent Power Producer and Energy Trader Globally in 2012 by Platts, a part of the prestigious McGraw Hill Group, in its top 250 Global Energy Companies ranking.

NTPC starts 500 MW unit of Vallur power project in TN

Meanwhile NTPC recently said the first unit of 500 MW of the Vallur Thermal Power Project set up by NTPC Tamil Nadu Energy Co Ltd has started operations. The project is a joint venture between NTPC and Tamil Nadu Electricity Board (TNEB). With this the total commercial capacity of Vallur Thermal Power Project is 500 MW and that of NTPC Group 38,174 MW, the public sector power producer said in a statement to BSE.

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