 "NTPC")
NTPC Renewable Energy ltd (REL) a fully-owned subsidiary of state-owned power generator NTPC, has signed its first green term loan agreement for Rs 500 crore.
The loan agreement is at a competitive rate with a tenure of 15 years with Bank of India on September 29, 2021 for its 470 Mw solar projects in Rajasthan and 200 Mw in Gujarat, the company said in a statement.
NTPC-REL currently has renewable project portfolio of 3,450 Mw, of which 820 Mw is under construction and 2,630 Mw projects have been won, for which power purchase agreements (PPAs) are yet to be executed.
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