REC & PFC signs MoA with STPL for financing Buxar Thermal Power Plant

REC Limited and Power Finance Corporation Limited (PFC) –  CPSEs under the Ministry of Power have signed a Memorandum of Loan Agreement with SJVN Thermal Private Ltd. (STPL) for financing 2×660 MW coal based Buxar Thermal Power Plant (BTPP). The MoA was signed in the presence of R S Dhillon, CMD – PFC,  N L Sharma, CMD – SJVN, Ajoy Choudhury, Director (Finance) – REC and V K Singh, Director (Technical) – REC and other senior officials.
Speaking about the signing, Vivek Kumar Dewangan, CMD – REC said that this is a great partnership for the development of the power and energy sector. It is an agreement that will mutually benefit all the stakeholders for years to come.

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