NTPC secures Rs 3,500 crore loan from Japanese banks to reduce emissions
NEW DELHI: State-run power producer NTPC Ltd, has inked a foreign currency loan agreement with the Japan Bank for International Cooperation (JBIC), under which it will borrow 50 billion Japanese Yen (JPY)-around Rs 3,500 crore.
Under the terms of the agreement, JBIC will extend 60 per cent of the loan amount and the rest will be put up by other Japanese commercial banks under the JBIC guarantee. These lenders are Sumitomo Mitsui Banking Corporation, Bank of Yokohama, San-In Godo Bank, Joyo Bank and Nanto Bank.
