NTPC Limited has entered into foreign currency loan agreements with the Japan Bank for International Co-operation (JBIC), the Japanese Government policy-based financial institution, aggregating JPY30 billion i.e. JPY15 billion each for NTPC Limited and NTPC Renewables Energy Limited (NREL).
JBIC has provided 60 per cent of the facility amount and the balance of the facility amount has been provided by other commercial banks under JBIC guarantee. The loan proceeds shall be utilised by NTPC for funding part of its capex requirements for flue gas desulphurisation which substantially reduces the sulphur oxide emission in the flue gases of thermal power stations and is a positive step towards environmental sustainability. The loan proceeds shall be utilised by NREL for funding its capex for renewable energy projects which would facilitate its mission for providing reliable, affordable and sustainable energy.