REC and Power Finance Corporation (PFC) have signed a memorandum of loan agreement with SJVN Thermal (STPL) for financing 2x660 MW coal based Buxar Thermal Power Plant (BTPP). The total estimated project cost is Rs 12,172.74 crore with debt requirement of Rs 8520.92 crore. As per the agreement, the debt requirement shall be financed by REC and PFC.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
