NTPC plans for 32 GW installed capacity via renewable sources

Raises Rs 2,000 crore through green masala bonds

GN Bureau | March 24, 2017


#NTPC   #Renewable Sources   #PSU  

NTPC Ltd has raised Rs 2,000 crore through green masala bonds in overseas market under its $4 billion medium term note programme, union minister Piyush Goyal informed the Lok Sabha.

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).

“NTPC Ltd 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.

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