Monday, October 15, 2018

NTPC signs Term Loan of Rs 5000 crore with SBI

STATE-run electricity generator NTPC signed a term loan agreement for Rs 5000 crore with State Bank of India recently. "This loan has a door to door tenure of 12 years and will be utilised to part finance the capital expenditure of NTPC," the Maharatna PSU said in a statement. The loan agreement was signed by Sudhir Arya, Chief Financial Officer, NTPC Ltd and Neelabh Sinha, Deputy General Manager, State Bank of India.
Earlier this year, NTPC had signed a term loan agreement with HDFC Bank worth Rs 1,500 crore. The PSU stated that the loan facility was extended at an interest rate linked to three-month Marginal Cost of Funds-based Lending Rate of the Bank.
Earlier, NTPC has won 160 Megawatt (Mw) of solar capacity in a reverse auction held the UP government. Out of the the total 160 MW; 140 Mw was won at a tariff of Rs 3.17 per Kwh and 20 Mw was won at a tariff of Rs 3.21 per Kwh.
This is the first time NTPC has participated in tariff based bidding of solar projects. "The 160 Mw of solar projects shall be set up by NTPC under EPC mode and shall add to it's installed capacity," the company said in a statement.
NTPC participated in the tender floated by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for 500 MW grid connected solar projects.
In another development, has invited bids for the development of wind-solar hybrid power project at NTPC, located in Kudgi, Karnataka.
The tender is for 60 MW (minimum) wind and 130 MW (minimum) solar hybrid energy project to be developed on a turnkey basis.
The scope of work includes the design, engineering, manufacturing, supply, packing and forwarding, transportation, unloading, storage, installation and commissioning of grid connected capacity. Operation & maintenance (O&M) would be for a duration of one year.
The bid-submission deadline is November 21, 2018 and all the bids should be accompanied by the bid security of ₹100 million (~$1.36 million).
To qualify for the bid under technical criteria (wind), a bidder should have manufactured, supplied, installed and commissioned wind turbine generators under RLMM (Revised List of Models and Manufactures issued by MNRE) of a minimum rating of 600 kW.

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