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NTPC Seeks Funding for 15 MW Solar Thermal Project

Strategic Insights

— 1 min read

National Thermal Power Corporation (NTPC) is in talks with German government-owned bank KfW and other lenders to secure funding for its 15 MW solar thermal project in Rajasthan. The company is expected to sign a loan agreement with KfW for approximately $100 million. The project's total cost is estimated at around Rs 225 crore, with each megawatt costing Rs 15 crore.

Key Takeaways:

  • NTPC is planning a 15 MW solar power plant at Anta in Rajasthan, with a total project cost of Rs 225 crore.
  • The company is seeking funding for the project from German government-owned bank KfW and other lenders.
  • NTPC expects to sign a loan agreement with KfW for around $100 million.
  • The company's net profit has increased by 0.27% to Rs 2,371.48 crore for the quarter ended December 31, 2010.
  • NTPC's total income has increased from Rs 11,961.31 crore for the quarter ended December 31, 2009 to Rs 14,165.90 crore for the quarter ended December 31, 2010.
  • The 15 MW solar thermal project will be set up in partnership with the German government-owned bank.
  • NTPC has posted a marginal increase in its net profit, despite an increase in its total income.
  • The project's cost is estimated at Rs 15 crore per MW.

Statistics:

  • Project cost: Rs 225 crore.
  • Loan agreement expected to be signed with KfW: $100 million.
  • Net profit increase: 0.27% (Rs 2,371.48 crore for the quarter ended December 31, 2010).
  • Total income increase: Rs 2,204.59 crore (annual increase).
  • Project MW capacity: 15 MW.
  • Project's estimated cost per MW: Rs 15 crore.

Sources:

  • "NTPC planning 15 MW solar power plant at Anta in Rajasthan" - Accord Fintech Pvt. Ltd., distributed by Contify.com (2011)
  • "NTPC posts marginal increase in net profit for Q3 FY 2011" - Accord Fintech Pvt. Ltd., distributed by Contify.com (2011)

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