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PFC, REC to extend Rs 8,520.46 cr loan to SJVN's power project

Thursday, 26 Nov 2020
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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.
 
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