NTPC raises Japanese yen loan worth $750 million to help reduce air pollution
NEW DELHI : State-owned NTPC Ltd has raised syndicated Japanese yen loan worth $750 million to help reduce air pollution from its power projects across the country.
The largest ever syndicated JPY loan raised by any Asian corporate from offshore Samurai loan market and the highest ever single foreign currency loan raised by India’s largest power generation utility will fund the installation of Flue Gas Desulphurization (FGD) system, new hydro projects and projects using ultra supercritical technology.
Post the emission norms for sulphur oxides (SOx) put in place by the ministry of environment and forests (MoEF), all thermal power projects need to install FGD systems. With air pollution becoming a major health issue, such a technology helps reduce SOx emissions.
