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October 13, 2008


NTPC ties up with Nordic Bank for EUR 68.56 million loan

PTI reported that National Thermal Power Corporation Limited has signed an agreement with Nordic Investment Bank for loan of EUR 68.56 million to part finance the capital expenditure of its projects.

The loan has a maturity period of 12 years including availability time frame of 3 years. The loan carries a floating rate of interest linked to Euribor and is without sovereign guarantee.