REC, PFC sign with STPL to finance Buxar Thermal Power Plant

REC, PFC sign with STPL to finance Buxar Thermal Power Plant : REC Limited and Power Finance Corporation Limited (PFC) have signed an MoU with SJVN Thermal Private Ltd (STPL).

October 2022 Current Affairs Quiz

Aim: To finance the 2×660 MW coal based Buxar Thermal Power Plant (BTPP).

The total estimated project cost is ₹12,172.74 crores, with debt requirement of ₹8520.92 crores. As per the agreement, the debt requirement will be financed by REC and Power Finance. It is a green field project designed on supercritical technology.