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NTPC signs $2.3 bln loan with Power Finance

Posted by Yogesh on Monday, 30 June, 2008

MUMBAI, June 30 – Indian state-run power producer National Thermal Power Corp Ltd said on Monday it had signed a loan agreement for 100 billion rupees with Power Finance Corp to fund its capacity addition.

The tenure of the loan is 16 years. There is a moratorium of four years, after which it will start making quarterly repayments, it said in a statement.

Source Reuters

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