NTPC Plans to Achieve 32 GW Installed Capacity via Renewable Sources by 2032

NTPC Ltd. has raised Rs. 2,000 crore through issuance of green masala bonds in overseas market under its USD 4 billion medium term note programme. 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).

The details of the green masala bonds are given under:

Size of the Issue

INR 2,000 crore

Date of Issue

10.08.2016

Coupon

7.375% per annum, payable annually

Security

Unsecured

Listing

At Singapore Stock Exchange and London Stock Exchange

Repayment Period

Bullet repayment after 5 years

Maturity date

10.08.2021

"National Thermal Power Corporation (NTPC) Limited 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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