REC Limited has entered into a pact with Damodar Valley Corporation (DVC), to provide a loan of Rs 4,527.68 crore for setting up a 1,320 MW thermal power project (2x660 MW) at Raghunathpur in in Purulia of West Bengal.
About REC Limited
REC Limited is a Maharatna Central Public Sector Enterprise under the Ministry of Power.
REC Limited is an NBFC focusing on Power Sector Financing and Development across India.
It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities.
Its business activities involve financing projects in the complete power sector value chain; for various types of projects including Generation, Transmission, Distribution and Renewable Energy.
REC’s funding illuminates every fourth bulb in India.
About Damodar Valley Corporation (DVC)
DVC is a public sector undertaking under the union Ministry of Power, engaged in power generation and transmission, catering to the energy needs of the eastern region of the country.
