NTPC-UPRVUNL sign Rs 7575 crore loan agreement for Meja plant

NEW DELHI: Meja Urja Nigam Pvt Ltd, a joint venture of NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) has signed Rs 7,575 crore loan agreement with consortium of 16 banks led by State Bank of India for funding 1,320-mw Meja thermal power project in Uttar Pradesh.

The loan has disbursement period of 60 months and is to be repaid in 10 years thereafter.

"The loan would be utilised for financing capital expenditure of Meja Thermal Power Project. The loan facility was syndicated by SBI Capital Markets Ltd," an NTPC statement said.