Public sector financer REC Ltd on Thursday said it has given a loan of Rs 8,775 crore to NTPC Ltd.

The loan agreement has been executed with Nabinagar Power Generation Co. Pvt. Ltd, a joint venture between NTPC and the Bihar State Electricity Board.

The funds would be utilised for the 3x660-MW Nabinagar Super Thermal Power project situated in Aurangabad, Bihar.

Siddhartha.s@thehindu.co.in

(This article was published on February 14, 2013)
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