IRFC sanctions loan to NTPC REL for renewable energy projects
Author: PPD Team Date: February 27, 2025
Indian Railway Finance Corporation (IRFC) has sanctioned a rupee term loan of Rs 75 billion to NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited.
In January 2025, NTPC REL invited bids for up to Rs 200 billion for capital expenditure on various projects, including loan refinancing and general corporate purposes.
The funding will support the development of renewable energy projects, including solar, wind, and hybrid systems with or without storage, up to 25 GW. NTPC REL also plans to develop pumped hydro projects with a total capacity of up to 10 GW at identified locations.