Commodity Online
MUMBAI: The power major, National Thermal Power Corporation (NTPC) (BOM: 53255) witnessed the increased buoyancy on reports of further development towards realization of energy-efficient power projects.

The company is reported to be in talks with Japan Bank for International Co-operation for a loan of USD 500 mn for the said projects.

The company stocks surged by nearly 2% to Rs.204.20 on hopes the company may get the order to set up 1,000 MW power plant as proposed in the Railway Budget, which was tabled in the Parliament today. The said 1,000 MW power plant is proposed in a tribal area in Andhra Pradesh.

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Meanwhile, the BSE Sensex was up 37.81 points, or 0.26%, to 14696.30. The stock hit a high of Rs.204.45 and a low of Rs.197.90 so far during the day.

Japan Bank for International Co-operation (JBIC) has allocated USD 5 billion (about Rs 24,000 crore) for lending in two years, under its Leading Investment to Future Environment Programme. Under this, the agency would release semi-commercial loans for projects involving clean power generation, energy efficiency improvement, water and urban transportation.

NTPC had reportedly approached the Japanese agency last month and in response, a delegation of senior officials from the finance agency, recently visited India to meet NTPC officials.

NTPC plans to build additional capacity of 3300 MW during current fiscal, which also includes high-end energy efficient, wind and solar power projects.

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