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12.02.2013

NTPC Nabinagar signs Loan facility of Rs 8775 crore

Nabinagar Power Generation Company Pvt. Limited , a 50:50 Joint Venture of NTPC Ltd and BSEB, Bihar has achieved financial closure for Nabinagar Super Thermal Power Project consisting of three units of 660 MW each. The project is situated in the Aurangabad district of Bihar.

Shri Rajeev Sharma, CMD-REC Ltd ,Shri A.K.Singhal, Dir (Fin)-NTPC Ltd, Shri P.J.Thakkar, Dir(Tech)-REC Ltd, Shri A.K.Agarwal, Dir (Fin)-REC Ltd, Shri D Chakrabarty, CEO-NPGCPL along with officials of NTPC ,REC and NPGCPL were present on the occasion of signing of above agreementA loan agreement for Rs 8775 crore in this regard was signed on February 08, 2013 with Rural Electrification Corporation Ltd. The loan has door to door tenure of 20 years having disbursement period of 5 years and is to be repaid in 15 years thereafter. The loan would be utilised for financing capital expenditure of Nabinagar Super Thermal Power Project, and is the largest loan facility extended by REC Ltd on standalone basis.

Photo Caption: Shri Rajeev Sharma, CMD -REC Ltd ,Shri A.K.Singhal, Dir (Fin)-NTPC Ltd, Shri P.J.Thakkar, Dir(Tech)-REC Ltd, Shri A.K.Agarwal, Dir (Fin)-REC Ltd, Shri D Chakrabarty, CEO-NPGCPL along with officials of NTPC ,REC and NPGCPL on the occasion of signing of the loan agreement. Nabinagar Power Generation Company Pvt. Limited , a 50:50 Joint Venture of NTPC Ltd and BSEB, Bihar has achieved financial closure for Nabinagar Super Thermal Power Project consisting of three units of 660 MW each. The project is situated in the Aurangabad district of Bihar.