The corporate lately invited banks and monetary establishments to position presents for elevating $750 million as exterior business borrowing to fund its capital expenditure.

State-run NTPC has invited bids from builders to construct a 900-megawatt (MW) photo voltaic park within the Republic of Cuba.

NTPC, underneath the Worldwide Photo voltaic Alliance (ISA) programme, will help Cuba within the choice course of, signing of related agreements and overseeing venture implementation until commissioning. NTPC is the project-management guide of the ISA platform, which goals to advertise photo voltaic expertise in nations mendacity between the Tropics of Most cancers and Capricorn. Cuba is a member of the treaty-based intergovernmental organisation, headquartered in India.

By the ISA, NTPC has additionally secured project-management consultancy assignments for 500 MW within the Republic of Mali, 100 MW within the Republic of Malawi and 285 MW within the Republic of Togo. It was the primary Indian vitality firm to declare its vitality compact targets as a part of the UN Excessive degree Dialogue on Power. The corporate goals to scale back 10{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} internet vitality depth by 2030 and attain 60,000 MW of inexperienced capability by 2032, from the present degree of round 1,300 MW. NTPC has additionally declared that it’ll kind no less than two worldwide alliances to facilitate clear vitality analysis and promote sustainability within the vitality worth chain by 2025.

The corporate lately invited banks and monetary establishments to position presents for elevating $750 million as exterior business borrowing to fund its capital expenditure and refinance its present loans. As FE reported earlier, it is usually in search of strategic traders to dump some stake in its wholly-owned subsidiary NTPC Renewable Power, earlier than floating its preliminary public providing. Within the first six months of the continuing fiscal, NTPC has issued the bonds aggregating to Rs 6,996 crore on the common price of borrowing of 5.96{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811}.

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https://www.financialexpress.com/business/ntpc-seeks-developers-for-900-mw-solar-park-in-cuba/2409928/

NTPC seeks builders for 900-MW photo voltaic park in Cuba