Published On:December 18 2013
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NTPC ties up with German firm for 55-million Euro loan.
NTPC on recently said it has tied up a fixed interest term loan facility for 55 million Euro with KfW, the German government developmental financial institution.
This loan would be utilised to part finance the capital expenditure on electro static precipitators and other selected packages of 1320 MW Mouda stage-II power project of NTPC.
The loan has a door to door maturity of 12 years including availability period of 4 years. The loan is on a standalone basis without sovereign guarantee reflecting the trust and confidence reposed by the German financial institution in NTPC's strong credit quality and professional management, the public sector power producer said in a statement.