(Bihar Times) New Delhi, Dec 22 – The largest thermal power generating company of India, National Thermal Power Corporation (NTPC) has signed an agreement with the Japan Bank for International Cooperation (JBIC) for a $380 million loan to part-finance its 1,980-megawatt (MW) Barh stage-1 super thermal power project in Bihar.
The loan agreement was signed on December 20 at Tokyo by NTPC Director (Finance) A K Singhal.
"The facility, which was arranged and guaranteed by JBIC, has floating interest rate linked to the LIBOR and door-to-door maturity of 18 years. This is the first facility extended by the JBIC to NTPC without sovereign guarantee," it said.
NTPC's finance director A.K. Singhal signed the agreement Dec 20 at the JBIC's head office in Tokyo, the statement said.
The construction activity at the project, which comprises three units of 660 MW each, is progressing smoothly.
(Bihar Times) New Delhi, Dec 22 – The largest thermal power generating company of India, National Thermal Power Corporation (NTPC) has signed an agreement with the Japan Bank for International Cooperation (JBIC) for a $380 million loan to part-finance its 1,980-megawatt (MW) Barh stage-1 super thermal power project in Bihar. 