The Power Finance Corporation (PFC) and REC have inked a pact with SJVN to provide Rs 8,520.46 crore loan for a thermal power plant in Buxar, Bihar.
PFC along with REC inked a memorandum of understanding (MoU) with SJVN Thermal (STPL) for extending term loan for two x 660 MW Buxar Thermal Power Project.
STPL is a wholly-owned subsidiary of SJVN and executing the project. The Buxar thermal power project is expected to be commissioned in 2023-24. It will generate approximately 9,828 MU of energy to meet future power requirement of Bihar and other states.