NTPC Renewable Energy Ltd. (REL), a 100 per cent subsidiary of NTPC Ltd. has signed its first Green Term Loan agreement of Rs. 500 crores.

The Green Term Loan has been signed at a very competitive rate with a tenor of 15 years with Bank of India on 29th September 2021 for its 470 MW solar projects in Rajasthan and 200 MW solar project in Gujarat.

NTPC REL currently has a renewable project portfolio of 3,450 MW of which 820 MW projects are under construction and 2,630 MW projects have been won for which PPAs are pending to be executed.