NTPC signs pact with JBIC for JPY30 billion funding

NTPC Limited has entered into foreign currency loan agreements with the Japan Bank for International Co-operation (JBIC) aggregating JPY30 billion i.e. JPY15 billion each for NTPC Limited and NTPC Renewables Energy Limited. JBIC has provided 60 per cent of the facility amount and the balance of the facility amount has been provided by other commercial banks under JBIC guarantee.