New Delhi. NTPC Renewable Energy ltd (REL) a 100 per cent subsidiary of country’s largest power producer NTPC ltd, has signed its first Green Term Loan agreement of Rs 500 crore at a very competitive rate with a tenor of 15 years with Bank of India.
The agreement to finance the 470 MW Solar Projects in Rajasthan and 200 MW Solar Project in Gujarat was signed on Wednesday, the company said.
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 PPAs are pending to be executed.
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