NTPC Ltd on October 28, 2020 entered into foreign currency loan agreement with Japan Bank for International Co-operation (JBIC) under GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative.
- Global Action for Reconciling Economic growth and Environment preservation initiative is an initiative by the Japan Bank for International Co-operation (JBIC)
- It is JPY 50 billion (approx. USD 482 million or Rs. 3,582 crore) agreement.
- JBIC will provide 60% of the facility amount and the balance will be given by commercial banks (viz., Sumitomo Mitsui Banking Corporation, the Bank of Yokohama Ltd., the San-In Godo Bank Ltd., the Joyo Bank Ltd. and The Nanto Bank Ltd.), under JBIC guarantee.
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