NTPC REL secures green term loan agreement to boost RE initiatives

NTPC Renewable Energy Limited (NTPC REL) has signed a secured green term loan agreement with a 15-year tenure for an amount of Rs 21.37 billion with the Central Bank of India.

The loan can be used for meeting capital expenditure in respect of the 450 MW solar wind hybrid power project won by NTPC REL under Tranche IV of Request for Selection (RfS) of Solar Energy Corporation Of India Limited (SECI).