NTPC secures JBIC loan for environmental initiatives

JBIC has provided 60 percent of the facility amount, with the remaining 40 percent coming from other commercial banks under JBIC guarantee.

The NTPC group has entered into foreign currency loan agreements with the Japan Bank for International Cooperation (JBIC), a Japanese government policy-based financial institution, totaling JPY 30 billion (approximately USD 200 million/₹ 1650 crore), split evenly between NTPC Limited and NTPC Renewables Energy Limited (NREL) at JPY 15 billion each. JBIC has provided 60 percent of the facility amount, with the remaining 40 percent coming from other commercial banks under JBIC guarantee. This facility falls under JBIC’s initiative called ‘Global Action for Reconciling Economic Growth and Environment Preservation’ (GREEN), aimed at projects that ensure global environmental conservation.

The loan proceeds will be used by NTPC to fund part of its capital expenditure requirements for Flue Gas Desulphurization (FGD), which significantly reduces SOx emissions in the flue gases of thermal power stations, contributing to environmental sustainability. This marks the second loan for NTPC under JBIC’s GREEN operations in India. Additionally, the loan proceeds will support NREL in funding its capital expenditure for Renewable Energy Projects, furthering its mission to provide reliable, affordable, and sustainable energy.

Jaikumar Srinivasan, Director (Finance) of NTPC, and Neeraj Sharma, CFO of NREL, signed the loan agreements for their respective entities. The signing ceremony took place at the NTPC Corporate office in New Delhi, with Ryuta Suzuki, Director General of the New Energy and Power Finance Department II at JBIC, representing the lending institution.