30 Dec 2013

NTPC ties up EUR 55 million term loan facility with KfW-(Germany) NTPC and KfW-(Germany) ink agreement for research cooperation

National Thermal Power Corporation (NTPC) has tied up a fixed interest term loan facility for EUR 55 million with KfW, the German government developmental financial institution to part finance the capital expenditure on Electro Static Precipitators and other selected packages of its Mouda Stage-II power project. 

An agreement to this effect was signed today by Shri G.K. Sadhu, Executive Director (Finance) on behalf of NTPC. The facility has a door to door maturity of 12 years including availability period of 4 years. 

The loan is on a standalone basis without sovereign guarantee reflecting the trust and confidence reposed by the German financial institution in NTPC’s strong credit quality and professional management. 

KfW has in the past provided financial support to the company’s renovation and modernization and emission reduction schemes. 

NTPC Ltd also signed a Financing Agreement with KfW-Germany today to setup of Solar Thermal and Photovoltaic Lab at NETRA under the aegis of Indo-German Research Cooperation through a Grant of Euro 5 million and matching contribution from NTPC. 

These world class labs are being setup with assistance from German R&D institutions M/s DLR, Cologne and ISE, Fraunhofer for characterization of Solar Thermal and Photovoltaic prototypes and components. 

The MoU was signed by Shri Thomas Joseph, Executive Director, NTPC-NETRA, Mr. Peter Hilliges, Director (KfW) and Mr. Andreas Thermann, Deputy Director (KfW) in presence of Shri A.K Jha Director (Technical), NTPC and other officials from NTPC and KfW. 

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