EUR 55 million term loan facility tied up with KfW
18th Dec, 2013
NTPC the largest power utility in the country tied up a fixed interest term loan facility for EUR 55 million with KfW, the German government developmental financial institution to part finance the capital expenditure on Electro Static Precipitators and other selected packages of its Mouda Stage-II power project. An agreement to this effect was signed today by Shri G.K. Sadhu, Executive Director (Finance) on behalf of NTPC. The facility 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. KfW has in the past provided financial support to the company’s renovation and modernization and emission reduction schemes.
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