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NTPC ties up with KfW for term loan facility

December 19: NTPC Limited, India’s largest power utility, has tied up a fixed interest term loan facility for EUR 55 million with KfW, the German government developmental financial institution, the company said in a statement.

The agreement was signed to part-finance the capital expenditure on electrostatic precipitators and other selected packages of its Mouda Stage-II power project, the statement said.

The largest power utility in the country has also signed financing agreement with KfW-Germany to set up a solar thermal and photovoltaic lab at NETRA under the aegis of the Indo-German Research Cooperation.

This would be set up through a grant of Euro 5 million and matching contribution from NTPC.

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