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.
