PFC, REC to provide Rs 8,520 cr loan to SJVN’s power project in Bihar
NEW DELHI: State-owned PFC NSE -0.69 % and REC have signed an initial pact with SJVN to provide Rs 8,520 crore worth loan for a thermal power plant in Buxar, Bihar.
“PFC along with REC Ltd NSE -0.37 % executed a Memorandum of Understanding with SJVN Thermal (P) Ltd (STPL) for extending term loan of Rs 8,520.46 crore for 2×660 MW Buxar Thermal Power Project on 26th November 2020,” a PFC statement said.
