To finance its capital expenditure on new and ongoing projects, state-owned power producer NTPC intends to raise a term loan in the amount of USD 750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination. For the JPY loan, which will be obtained through external commercial borrowing, the corporation has requested bids. A bid document states that the term loan would include a green shoe option of USD 600 million and be for USD 150 million.
Additionally, it was announced that the loan's revenues would be used to refinance previous ECB/Rupee loans that had been taken out domestically for CAPEX (capital expenditures), renewable energy projects, including hydro and coal mining.
The deadline for bid submission is March 1, 2023, and proposals will be accepted on that date. The largest power-producing company in India is NTPC. With presence across the whole value chain of the power generation industry, it holds a strong position in the domestic power sector. According to a BSE filing, the third part capacity of the 300 MW Nokhra Solar PV Project in Bikaner, Rajasthan, which is 50 MW, is declared to be in commercial operation.
With effect from December 20, 2022, the first part capacity of 100 MW and the second part capacity of 50 MW have already been announced to be in commercial operation. As a result, it was stated that the NTPC's standalone installed and commercial (power generation) capacity would increase to 58,979 MW and 58,319 MW, respectively, while the NTPC's group installed and commercial capacity would increase to 71,594 MW and 70,934 MW, respectively.
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