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REC & PFC Sign ₹26,850 Crore Loan Agreement
📅 Published 04 Aug 2026 · Aug 2026
REC & PFC Sign ₹26,850 Crore Loan Agreement
Key Points
- REC Limited and Power Finance Corporation (PFC) signed a ₹26,850 crore common loan agreement.
- Beneficiary: Meja Urja Nigam Pvt. Ltd. (MUNPL).
- Purpose: expansion of Meja Thermal Power Project, Uttar Pradesh.
- Capacity addition: 2,400 MW.
- Stage-II consists of 3 × 800 MW ultra-supercritical units.
- Estimated project cost: ₹38,357.81 crore.
- Debt financing shared 50:50 between REC and PFC.
- MUNPL is a 50:50 JV between NTPC and UPRVUNL.
UPSC Focus: Power sector + CPSEs + ultra-supercritical technology + energy security.
📝 Relevant Exams:
UPSC