NTPC, state-run power producer company, signed a term loan agreement for Rs 490 crore with Central Bank of India in Delhi.
NTPC will use this loan to part finance the capital expenditure plan. The loan has a door to door tenure of 15 years.
The loan facility has been extended at the base rate of the bank, which is the absolute minimum lending rate a bank can give.
NTPC presently generates over 41,000 MW of electricity and aims to add 20,000 MW more by 2017.