NTPC REL signs first Green Term Loan

NTPC Renewable Energy Limited (REL) has signed its first green term loan agreement of Rs 5 billion.

The agreement has been signed at a competitive rate with a tenor of 15 years with Bank of India for its 470 MW solar projects in Rajasthan and 200 MW solar project in Gujarat. NTPC REL currently has renewable project portfolio of 3,450 MW of which 820 MW projects are under construction and 2,630 MW projects been won for which power purchase agreements are pending to be executed.