Date:03/07/2008 URL: http://www.thehindu.com/2008/07/03/stories/2008070351541800.htm

Business - Briefly

NTPC signs MoU with PFC

NEW DELHI: Power Finance Corporation (PFC) and National Thermal Power Corporation (NTPC) on Tuesday signed a memorandum of agreement (MoA) for financing a loan of Rs. 10,000 crore for NTPC’s ongoing capacity addition programme and power projects during the XI Plan. A memorandum of understanding in this regard was signed by V. K. Garg, Chairman and Managing Director, PFC, and R. S. Sharma, Chairman and Managing Director, NTPC. — Special Correspondent