Earlier, Mercom reported that 1.4 GWs of solar projects that were awarded for NTPC's 2 GW solar tender were canceled due to regulatory delays. The canceled projects were originally awarded to ACME Solar, Shapoorji Pallonji, and Azure Power projects for 600 MW, 500 MW, and 300 MW, respectively. The tariff for the projects was set at ₹2.59 (~$0.0372)/kW in August 2018. SB Energy, who was awarded 600 MW of projects at a tariff of ₹2.60 (~$0.0373)/kWh, was the only capacity that was not canceled, an official from the NTPC had then told Mercom. The SoftBank-owned power producer had placed a bid for 2 GW in the auction but was awarded only 600 MW. The 2 GW capacity was initially tendered by the NTPC in March 2018. More recently, the NTPC announced that it had raised a syndicated loan worth $750 million (~₹53.5 billion) in Japanese Yen to fund capital expenditure for the installation of Flue Gas Desulphurization (FGD) systems.