NTPC raises $750 million to fund green push

NEW DELHI: State-run generation utility NTPC has raised a Japanese yen loan worth $750 million, the largest-ever debt raised by any Asian corporate from offshore Samurai loan market, to fund its green push and acquisition of hydel units under the Centre’s disinvestment plan.

This is also the single-highest foreign currency loan raised by NTPC, which will use the money to fund installation of FGD (flue gas desulphurisation) system that cuts SO2 (sulphur dioxide) emission from power houses and hydel units as well as projects using ultra-supercritical technology with low carbon emission.