Question
Recently State-owned REC Ltd and Power Finance Corporation have inked a pact to provide Rs 8,520.92 crore in finance for setting up a 1,320 MW thermal power plant at which of the following place?
Solution
State-owned REC Ltd and Power Finance Corporation have inked a pact to provide Rs 8,520.92 crore in finance for setting up a 1,320 MW thermal power plant at Buxar by SJVN Thermal Private Ltd. The total estimated project cost is Rs 12,172.74 crore with debt requirement of Rs 8,520.92 crore. As per the agreement, the debt requirement shall be financed by REC and PFC. REC Ltd                          Headquarters: New Delhi                        CMD: Vivek Kumar Dewangan Power Finance Corp.    Headquarters: New Delhi                         CMD: Ravinder Singh Dhillon
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