Muzaffarpur: National Thermal Power Corporation NTPC has achieved a major milestone in for its Muzaffarpur based power plant in Bihar. It has secured a loan worth Rs. 2341 crore from major banks including State Bank of India, Canara Bank, India Infrastructure Finance Company Ltd (IIFCL) and United Bank of India for the 390 MegaWatt thermal power plant.
The loan would be utilised for financing capital expenditure on the Muzaffarpur thermal power project.
NTPC, which has an installed power generation capacity of over 34,000 MW, plans to scale up this capacity to a whopping 1,28,000 MW by 2032.
It has two units each of 195 MW under NTPC Kanti Bijlee Utpadan Nigam Limited, a subsidiary of NTPC
Shri A.K. Singhal, Director ( Finance) NTPC with the officials of consortium of four banks -State Bank of India, Canara Bank, India Infrastructure Finance Company Ltd and United Bank of India on the occasion of Kanti Bijlee Utpadan Nigam Limited a subsidiary of NTPC Limited achieving financial closure for Stage-II of Muzaffarpur Thermal Power Project consisting of two units of 195 MW each. A loan agreement for Rs. 2341 Crore in this regard was signed in New Delhi.