In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s GREEN
initiative, India’s largest power producer today entered into foreign currency loan agreement with
Japanese Government’s financial institution for JPY 50 billion (approx. USD 482 million).
GREEN initiative stands for Global Action for Reconciling Economic growth and Environment preservation
initiative. The facility is extended under JBIC’s outreach for projects, which ensure conservation of global
JBIC will provide 60% of the facility amount and the balance will be given by commercial banks (viz., Sumitomo
Mitsui Banking Corporation, the Bank of Yokohama Ltd., the San-In Godo Bank Ltd., the Joyo Bank Ltd. and The
Nanto Bank Ltd.), under JBIC guarantee.
The loan proceeds will be utilized by NTPC Ltd, the PSU under Ministry of Power, for funding its capex for Flue
Gas Desulphurization (FGD) & Renewable Energy projects.
FGD, substantially reduces the SOx emission in the flue gases of thermal power plants and is a critical step
towards environmental sustainability.