The total amount in the export credit line consists of 13.5 billion yen and USD 21 million, a release said, adding the loan is co-financed with the Bank of Tokyo-Mitsubishi (BTMU).

This credit line will be utilized by Meja Urja Nigam to finance the procurement of steam turbine generators from Japan's Toshiba Corp and its Indian subsidiary to construct a super critical pressure coal-fired power plant (660 mwx2 units) in Meja, Uttar Pradesh, the release said.

The plant is an equal joint venture between NTPC, a Central PSU, and UP Rajya Vidyut Utpadan Nigam.

The agreement was signed by SBI Chairperson Arundhati Bhattacharya and JBIC Governor Hiroshi Watanabe in Tokyo, where Prime Minister Narendra Modi is on a state visit.

Commenting on the development Bhattacharya said, "India has a strong appetite for infrastructural development and I see a greater role for JBIC in supporting Indian commercial banks and infrastructure companies."

This is the third such occasion that India's largest lender has participated with JBIC in a project funding, the release said.

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