NTPC, the largest power generating company in India, is planning to raise up to $750 million through a term loan denominated in Japanese Yen.
The loan will be raised via External Commercial Borrowing and will have a green shoe option of $600 million in addition to the initial $150 million.
The loan will be used to finance ongoing and new capacity additions, renewable energy projects, including hydro and coal mining, and refinancing existing ECB/Rupee loans for capital expenditure.
The deadline for submission of bids is March 1, 2023. The bids will be opened on the same day.
NTPC has declared the successful commissioning of third part capacity of 50 MW out of 300 MW of Nokhra Solar PV Project at Bikaner, Rajasthan.