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October 28, 2020

NTPC Ltd. enters into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion under GREEN initiative.

(Fast Mail) - In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative, India’s largest power producer today entered into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion (approx. USD 482 million or Rs. 3,582 crore). JBIC will provide 60% of the facility amount and the balance will be given by commercial banks (viz., Sumitomo Mitsui Banking Corporation, the Bank of Yokohama Ltd., the San-In Godo Bank Ltd., the Joyo Bank Ltd. and The Nanto Bank Ltd.), under JBIC guarantee.

 

The facility is extended under JBIC’s outreach for projects, which ensure conservation of global environment. The loan proceeds will be utilized by NTPC Ltd, the PSU under Ministry of Power, for funding its capex for Flue Gas Desulphurization (FGD) & Renewable Energy projects. FGD, substantially reduces the SOx emission in the flue gases of thermal power plants and is a critical step towards environmental sustainability.

 

The loan agreement was signed by Shri Anil Kumar Gautam, Director (Finance), NTPC and Mr. TANIMOTO Masayuki, Managing Executive Officer, Global Head of Infrastructure & Environment Finance Group, JBIC through video conferencing.

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October 29, 2020

Senior US official tests positive for COVID-19 after Europe trip: media.

(FM) - A senior U.S. State Department official tested positive for COVID-19 after a recent trip to Europe, U.S. media reported on Tuesday.

 

Citing several U.S. and foreign officials, The Washington Post reported that Peter Berkowitz, the director of policy planning at the State Department, tested positive after his trip to Britain, Hungary and France earlier this month.

 

One official said that "Berkowitz's mask-wearing and social distancing practices were lax during the trip." But a State Department spokeswoman denied that Berkowitz's mask usage was insufficient and said precautions were taken, according to the report.

 

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