NTPC to invest USD 10 bn for building renewable projects

Country’s largest power producer NTPC will invest close to USD 10 billion for executing green energy projects in the next five years as part of government’s plans to provide thrust to clean electricity generation. The public sector company has committed to set up renewable power projects of 10,000 MW capacity in the country over the next five years. NTPC signed a term loan agreement of Rs 10,000 crore and Rs 2,000 crore with state-run SBI and Bank of Baroda, respectively, for partially funding its capital expenditure.

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