On 20 December 2007, NTPC has signed a
$380 million loan agreement with Japan Bank for International Cooperation (JBIC),
to part finance its 1,980 MW Barh super thermal power project in Patna district
of Bihar.
The syndicated loan will be with four
Japanese private financial institutions - Sumitomo Mitsui Banking Corporation
(the agent bank), Mizuho Corporate Bank, Bank of Tokyo-Mitsubishi UFJ, and Tokyo
branch of Societe Generale. The facility, which was arranged and guaranteed by
JBIC, has floating interest rate linked to the London Interbank Offered Rate
(LIBOR) and door-to-door maturity of 18 years.
Also See:
Subhash Projects
wins major orders from NTPC (18-Sep-06)
Related Links:
Project profile