November 20, 2008

NTPC to get INR 10,000 crore term loan from PFC

It is reported that NTPC is likely to get a term loan of INR 10,000 crore from Power Finance Corporation to finance the debt proportion of the cost of NTPC's huge projects, due to be implemented during the 11th plan Period.

According to the report, the tenure of loan will be approximately 16 years and will be borrowed at a rate of interest based on three year AAA bond yield plus 45 basis points.

NTPC plans to increase its generating capacity from 30,000 MW to 50,000 MW by 2012.