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Our Bureau

Mumbai , Aug 9

NTPC's capital outlay for the current fiscal is Rs 8,550 crore, which will be funded on a debt equity ratio of 70:30.

The company plans to borrow Rs 4,500 crore from the domestic market; it has already tied up with banks and financial institutions for this, said Mr C.P. Jain, Chairman.

Two loan agreements for Rs 500 crore and Rs 200 crore have already been signed with IDBI Bank and Corporation Bank respectively to part-finance capacity addition programmes.

"We are also proposing external borrowings through issue of bonds in the international market in the region of about $300 million (Rs 1,300 crore)," he said.

The company has negotiated a soft loan of 15,916 million yen with Japan Bank for International Co-operation (JBIC) for its proposed North Karanpura Project; it is negotiating an untied loan with the same institution for $130 million for part-funding its Gandhar Stage II project.

NTPC is also negotiating with Swedich Credit for $45 million for a power transformer package for its Sipat II project.

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