NTPC, Germany's KfW ink pact for 55 mn loan agreement

The facility has a door-to-door maturity of 12 years, including availability period of four years.

FP Archives|Dec 21, 2014, 03:59:56 IST

New Delhi: State-run NTPC has tied up a loan facility for 55 million with German developmental financial institution KfW to part finance the capital expenditure of its Mouda thermal power project in Maharashtra.

"An agreement to this effect was signed today by GK Sadhu, executive director (finance), on behalf of NTPC with KfW for 55 million (about Rs 467 crore)," NTPC said in a statement today.[caption id="attachment_1294897" align="alignleft" width="380"] Power projects. Reuters[/caption]

The facility has a door-to-door maturity of 12 years, including availability period of four years.

The loan is on a standalone basis without sovereign guarantee, the statement said, adding that KfW has in the past provided financial support to NTPC's renovation and modernisation and emission reduction schemes.

The company today also signed financing agreement with KfW-Germany to set up Solar Thermal and Photovoltaic Lab at NETRA (NTPC Energy Technology Research Alliance) under the Indo-German Research Cooperation through a grant of 5 million and matching contribution from NTPC.

These labs are being set up with assistance from German R&D institutions DLR, Cologne and ISE, Fraunhofer, it said.

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