NTPC REL Signs 500 crore Green Term Loan for 670 MW solar project

NTPC REL Signs First Green Term Loan of INR 500 crore

Renewable Energy ltd (REL) has signed its first Green Term Loan agreement of INR 500 crores at a very competitive rate with a tenor of 15 years with Bank of on 29th September 2021 for its 470 MW Solar Projects in Rajasthan & 200 MW in Gujarat.

The Facility agreement was signed in the presence of A K Gautam, Director (Finance), NTPC, C K Mondal, Director (Commercial) NTPC & Chairman of REL, Mohit Bhargava, ED (RE) NTPC & CEO ( REL), Shri Aditya Dar ED (Fin) NTPC & Director NTPC REL and senior officials from Bank of India.

REL currently has renewable project portfolio of 3,450 MW of which 820 MW projects are under construction and 2,630 MW projects been won for which PPAs are pending to be executed.

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