NTPC Renewable Energy Limited (NTPC REL) has secured a significant financial boost by signing an unsecured green term loan agreement with Punjab National Bank. The agreement, valued at Rs 35 billion, features a 15-year tenor with annual repayment terms. This strategic move is aimed at supporting NTPC REL’s commitment to advancing renewable energy projects. The funds from this loan are earmarked for capital expenditure on both ongoing and new projects under NTPC REL’s portfolio. This financial arrangement underscores the growing importance of sustainable financing in the renewable energy sector, reflecting NTPC REL’s dedication to expanding its green energy footprint. By partnering with Punjab National Bank, NTPC REL is positioned to enhance its capacity to deliver renewable energy solutions, thereby contributing to India’s clean energy goals and environmental sustainability. This loan agreement marks a crucial step in ensuring the necessary financial resources to drive forward NTPC REL’s ambitious renewable energy initiatives.
Recent Posts
Most Popular
SPPC Signs Agreements for 5.5 GW Solar Power Projects in Saudi Arabia
The Saudi Power Procurement Company (SPPC) has inked power purchase agreements (PPAs) for three solar photovoltaic (PV) projects totaling 5.5 GW in Saudi Arabia....
Infinity Power to Develop 4 GW Clean Energy Project in Cameroon
Infinity Power has signed a MoU with the Cameroon West Regional Council to develop up to 4 GW of renewable energy capacity by 2035....
Q ENERGY Sells Whinfield Solar Farm to AlphaReal in the UK
Q ENERGY has sold a 33 MW whinfield solar PV farm to AlphaReal. The farm is located near Darlington in Northeast England. Currently, the...
Malta Inc. and BBVA Announce Collaboration on Energy Storage Project in Iberia
Malta Inc. and BBVA have signed a MoU to partner on an energy storage project in the Iberian Peninsula. The collaboration aims at creating innovative financial...
ASDC and SIDBI Launch “Nayi Raah” Initiative to Empower Underprivileged in EV Sector
New Delhi: Automotive Skills Development Council (ASDC) recently launched a new initiative, "Nayi Raah" (One Step Forward), at The Kingdom College in Bangalore. This transformative...