PFC to finance NTPC’s ongoing projects

New Delhi: The National Thermal Power Corporation (NTPC) and Power Finance Corporation (PFC) have entered into a memorandum of agreement for financing NTPC’s ongoing capacity addition programme across the country.

PFC has sanctioned a term loan of Rs 10,000 crore to NTPC for the project. The agreement was signed by Dr V.K.Garg, Chairman and Managing Director, PFC, and Mr R.S. Sharma, Chairman and Managing Director, NTPC, here.

NTPC is the largest power generation company with an installed capacity of 29, 394 MW through 26 power stations including joint ventures.