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NTPC Enters JPY 50 Billion Loan Agreement with JBIC

NTPC Enters JPY 50 Billion Loan Agreement with JBIC

In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s Global action for Reconciling Economic growth and ENvironmental preservation (GREEN) operation, India’s largest power producer on Wednesday entered into a foreign currency loan agreement with the Japanese Government’s financial institution for JPY 50 billion (nearly $482 million or Rs 35.82 billion).

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India cancels 13.7GW of coal fired power proposals in May

India cancels 13.7GW of coal fired power proposals in May

The cancellation of 13.7GW of Indian coal power projects in May 2017, coupled with a record low solar tariff of Rs 2.44 /Unit (0.038USD/kWh), are the strongest indications yet that an energy transformation in India is gaining rapid momentum and global capital markets endorsement.

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Emergent Gujarat

Emergent Gujarat

With the adverse effect of demonetisation still looming over the country, the New Year will witness industry bigwigs - both international and homegrown ù queuing up to invest in India´s most industrially developed state, Gujarat. The occasion, Vibrant Gujarat (in its 8th edition), is all geared up to welcome the investors from all across the world.

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Against All Odds

Against All Odds

A shining example of success, NTPC Ltd won PMI India´s Best Project of the Year award. The award was for exemplary use of project management techniques to complete 5MWp grid-connected solar PV plant in Port Blair in record time.

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