REC and PVUNL sign Rs.14000 Crores Loan Agreement

Sarkaritel
By Sarkaritel November 14, 2017 08:24

REC and PVUNL sign  Rs.14000 Crores Loan Agreement


New Delhi, Nov 13 REC and M/s Patratu Vidyut Utpadan Nigam Limited (PVUNL – Joint Venture of NTPC & JBVNL) signed a loan agreement for establishing 3×800 MW Patratu Super Thermal Power Project Phase-I in Jharkhand. The project cost of Rs. 18, 668 Cr. is funded in debt: equity ratio of 75:25 and Rs. 14,000 Cr. (entire debt component of project) is sanctioned by REC as sole lender for the project. PVUNL is a subsidiary of NTPC with 74% stake in the Company and 26% of stake held by Jharkhand Bijli Vitran Nigam Limited (JBVNL), the Discom utility of Jharkhand state.

Sarkaritel
By Sarkaritel November 14, 2017 08:24