NTPC has signed Rs 3,000 crore term loan agreements with HDFC Bank and Syndicate Bank, to part finance its capital expenditure.
The state-run power generator company has signed a term loan agreement with HDFC Bank for Rs 2,000 crore and another with Syndicate Bank for Rs 1,000 crore. These loans have a “door-to-door” tenure of 15 years. The tenure implies the total period, including moratorium, within which the amount borrowed has to be repaid.
The company has already started work on the expansion of its Ramagundam power plant to 2x800 MW in Telangana. Presently, the capacity of the thermal power station is 2,600 MW.
At present, NTPC is generating 43,128 MW of electricity and has formulated a long term corporate plan to become a 1,28,000 MW company by 2032.