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    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?
    A Varanasi Correct Answer Incorrect Answer
    B Prayagraaj Correct Answer Incorrect Answer
    C Buxar Correct Answer Incorrect Answer
    D Hajirabagh Correct Answer Incorrect Answer
    E Lucknow Correct Answer Incorrect Answer

    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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