GREEN INITIATIVE

 

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
environment.

 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.

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