National Thermal Power Corporation (NTPC) has inked an memorandum of understanding (MOU) with Government of Kerala on July 18, 2011. The company has inked an MOU with the objective to plan and develop around 200 MW Wind Energy based Power Projects in the State of Kerala in association with Government of Kerala, on Build, Own and Operate (BOO) basis using state-of-the-art technology subject to establishment of techno-commercial viability.
Further, out of total 200 MW, first 80MW wind energy projects will be developed on fast track basis at Ramakkalmadu by NTPC.
Recently, NTPC had inked a loan agreement of Rs 10,000 crore with State Bank of India (SBI) on July 07, 2011 and the rupee term loan has a door to door maturity of 12 years with a drawdown period of 4 years. Also, the company had priced on July 07, 2011, $500 million fixed rate senior unsecured notes under its $1 billion MTN programme. The notes carry a coupon of 5.625% p.a. payable semi-annually and are due for maturity on July 14, 2021. The company shall utilize the above loans for financing the capital expenditure of ongoing / new projects.
Company Name | CMP |
---|---|
NTPC | 333.30 |
Tata Power | 401.25 |
Power Grid Corp | 315.75 |
Adani Power | 498.45 |
Torrent Power | 1476.80 |
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