(FE)
Indian Railway Finance Corporation (IRFC) has emerged as the lowest bidder in the bid for a term loan to the National Thermal Power Corporation (NTPC). The Rs 5000 crore loan is likely to be invested in ongoing and new capacity addition projects. These projects include renovation and modernisation programs and NTPC’s renewable energy projects.
IRFC stated in the disclosure that the proposal still requires due diligence and approval from the Board of Directors of National Thermal Power Corporation. The agreement between IRFC and NTPC was executed earlier on March 25.
NTPC Green fundraising plans
On April 24, NTPC Green, a wholly owned subsidiary of NTPC, said it is looking to raise Rs 5000 crore by issuing bonds. The subsidiary company focuses on NTPC’s renewable energy projects.
The NTPC Green has partnered with Oil and Natural Gas Corporation of India (ONGC) to set up both onshore and offshore wind energy projects and battery energy storage projects. The partnership has also invested in green chemical projects.
The ONGC NTPC Green partnership has also fully acquired Ayana Renewable Power to enhance its renewable production. The total purchase cost was Rs 6248.50 crore. The company has planned to invest Rs 1 lakh crore by 2026-27 in its renewable energy capacity building projects. It has plans to build a 19GW capacity by 2027.
In the financial year 2025, NTPC added 3.3 GW of capacity in renewable energy. In the same period, it added 660 MW of thermal power.
