REC, PVUNL sign pact to build thermal plant in Jharkhand

PVUNL is a subsidiary of NTPC

GN Bureau | November 22, 2017


#PSU   #REC   #PVUNL   #power plant   #Jharkhand  

 REC and Patratu Vidyut Utpadan Nigam Limited (PVUNL) have inked an agreement to set up 3x800 MW Patratu super thermal power project in Jharkhand. 

The project cost of Rs 18,668 crore is funded in debt and equity ratio of 75:25.  The entire debt component of project of Rs 14,000 crore is sanctioned by REC as sole lender for the project.
 
PVUNL is a subsidiary of NTPC, holding 74 percent stake in the enterprise and 26 percent of stake held by Jharkhand Bijli Vitran Nigam Limited (JBVNL), the discom utility of Jharkhand.
 

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