NTPC Green Energy to Raise Up to INR 9,000 Cr Loan
NTPC embodied NGEL in April 2022 for putting forward its renewable energy businesses and assertively forward its sustainable energy proposals.
February 24, 2023. By EI News Network
The enterprise, a subsidiary of state-run NTPC, has invited offers for raising the loan amount from banks or financial institutions.
The deadline to submit bid registration is on March 6, 2023.
NTPC incorporated NGEL in April 2022 for putting forward its renewable energy (RE) businesses and assertively forward its sustainable energy proposals.
NGEL, successive to the transfer of 15 RE projects from NTPC over a business transfer agreement (BTA), will have functional /under execution RE projects accounting to 2,861 MW, 14 solar power projects of 2,811 MW and a wind power project of 50MW.
From 15 projects, 13 projects (2261 MW) are totally functional and the rest 2 Projects are partially functional (potential 350 MW out of 600 MW) proceeds Aggregate Operational Potential to 2611 MW as till now. These 15 RE projects have firm PPA association for 100 per cent potential with State DISCOMs, CPSE.
Additionally, NGEL will also obtain 100 per cent stake in NTPC Renewable Energy (NREL) following to a share purchase Agreement (SPA), vehicle for venture organic growth.
please contact: contact@energetica-india.net.
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