NTPC faces World Bank, ADB strictures on dues

  • 19/05/1999

  • Economic Times (New Delhi)

National Thermal Power Corporation (NTPC), the country's largest generating company, faces an uphill task tying up future project loans from the World Bank and Asian Development Bank (ADB). Both multilateral agencies have expressed grave concern over NTPC's mounting outstanding, thanks to huge payment defaults by several SEBs.