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NTPC ties up 55 m euro loan with KfW

According to reports, NTPC, on Wednesday, said it had tied up a loan facility for 55 million euro with German developmental financial institution KfW to part finance its Mouda thermal power project in Maharashtra.

The loan is on a standalone basis without sovereign guarantee. The company also signed a financing agreement with KfW to set up a solar thermal and photovoltaic lab at NETRA (NTPC Energy Technology Research Alliance) under the Indo-German Research Cooperation through a grant of 5 million euro and matching contribution from NTPC.

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