NTPC looks to raise up to $750M via ECB

NTPC has invited a request for proposal to raise up to $750 million in Japanese Yen through external commercial borrowings to fund its capacity addition, including hydro projects, green energy programmes, and coal mining, among others.

Of the $750 million, $600 million is through the green shoe option, the state-owned company said on Wednesday. The last day for submission of bids is March 31 this year, according to NTPC's document.

NTPC expects a consolidated installed capacity addition of 6,810 MW in the financial year 2023-24. Out of the total expected capacity addition, the renewable segment will be around 3,000 MW on a consolidated basis.


The company has 4,718 MW of renewable energy projects under construction and 36,000 MW in various stages of planning and feasibility study.

The overall consolidated installed capacity of the company as of date is 71,594 MW.

NTPC had earlier said it plans to foray into nuclear power generation. It has formed a joint venture for the same.