Indian Railway Finance Corporation (IRFC) has extended a rupee term loan of Rs 75 billion to NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited.
The loan was sanctioned in response to the request for proposal issued by NTPC Green Energy. The funding will support the development of renewable energy projects, including solar, wind, and hybrid systems, with or without storage, up to a capacity of 25 GW. Additionally, NTPC REL plans to develop pumped hydro projects with a total capacity of up to 10 GW at identified locations.