NTDC gets Rs6.4bn loan for wind energy.
LAHORE -- The National Transmission and Despatch Company has secured a Rs6.4 billion soft loan for the construction of 220/132kV sub/grid station and allied transmission lines for the evacuation of clean renewable energy from 19 wind power plants at Jhimpir wind corridor, Sindh.
The amount was secured from a consortium of three banks - Habib, National and BankIslami and will be used to add 956MW of electricity to the system from wind.
A loan signing ceremony to this purpose was held at Ministry of Energy and was attended by Power Minister Omar Ayub Khan, Special Assistant to the Prime Minister on Petroleum Nadeem Babar, Secretary Power Mr Irfan Ali and other senior officials.
'The NTDC, for the first time, has explored the option of raising a loan on its own balance sheet without GOP guarantee. In the...
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