{"id":381183,"date":"2020-10-29T10:55:38","date_gmt":"2020-10-29T05:25:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381183"},"modified":"2020-10-29T10:55:38","modified_gmt":"2020-10-29T05:25:38","slug":"ntpc-to-borrow-478-million-from-japanese-banks-to-fund-clean-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-to-borrow-478-million-from-japanese-banks-to-fund-clean-energy\/","title":{"rendered":"NTPC to borrow $478 million from Japanese banks to fund clean energy"},"content":{"rendered":"<p>CHENNAI: India\u2019s largest electricity generator NTPC Ltd said on Wednesday it would borrow 50 billion yen ($478 million) from Japanese banks to fund the installation of emission-cutting equipment and green energy projects.<br \/>\n\u201cThe loan proceeds will be utilized by NTPC Ltd, the PSU under ministry of power, for funding its capex for Flue Gas Desulphurization (FGD) &amp; Renewable Energy projects,\u201d government-run NTPC said in a statement.<br \/>\nFlue Gas Desulphurization (FGD) units cut emissions of sulphur dioxides &#8211; which are linked to lung diseases and acid rain &#8211; from coal-fired power plants.<br \/>\nJapan Bank for International Co-operation (JBIC) will provide 60% of the loan under its Global Action for Reconciling Economic growth and Environment preservation (GREEN) initiative, NTPC said in a statement.<br \/>\nOther Japanese commercial banks, including Sumitomo Mitsui Banking Corp, San-In Godo Bank Ltd and Nanto Bank Ltd, will extend the rest of the loan amount.<br \/>\nIndia has a phased plan for plants to comply with emission norms, with deadlines extending to the end of December 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: India\u2019s largest electricity generator NTPC Ltd said on Wednesday it would borrow 50 billion yen ($478 million) from Japanese banks to fund the installation of emission-cutting equipment and green energy projects. \u201cThe loan proceeds will be utilized by NTPC Ltd, the PSU under ministry of power, for funding its capex for Flue Gas Desulphurization (FGD) &amp; Renewable Energy projects,\u201d government-run NTPC said in a statement. Flue Gas Desulphurization (FGD) units cut emissions of sulphur dioxides &#8211; which are linked to lung diseases and acid rain &#8211; from coal-fired power plants. Japan Bank for International Co-operation (JBIC) will provide 60% [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-381183","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381183"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381183\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}