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NTPC Plans to Achieve 32 GW Installed Capacity via Renewable Sources by 2032

NTPC Plans to Achieve 32 GW Installed Capacity via Renewable Sources by 2032

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NTPC Ltd. has raised Rs. 2,000 crore through issuance of green masala bonds in overseas market under its USD 4 billion medium term note programme. The proceeds of these bonds will be used for financing renewable energy projects in accordance with applicable guidelines and regulations of Reserve Bank of India (RBI). This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, Mines New & Renewable Energy and Mines in a written reply to a question in Lok Sabha today.

The details of the green masala bonds are given under:

Size of the IssueINR 2,000 crore
Date of Issue10.08.2016
Coupon7.375% per annum, payable annually
SecurityUnsecured
ListingAt Singapore Stock Exchange and London Stock Exchange
Repayment PeriodBullet repayment after 5 years
Maturity date10.08.2021

 

“National Thermal Power Corporation (NTPC) Limited has  drafted/prepared its long-term Corporate Plan and has planned to achieve 32 GW installed capacity through  renewable energy resources by 2032”, the minister added.

Source:pib
Anand Gupta Editor - EQ Int'l Media Network

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