REC Disburses Rs 16,070 Crore to Telangana Power Plant

recRural Electrification Corporation has disbursed an amount of Rs 16,070 crore loan to Telangana for construction of 4000 MW Yadadri power plant.

The disbursement is highest ever extended by REC in a single installment.

The cheque was handed over to Mr. K.Chandrashekhar Rao,Chief Minister of telangana by Mr.Rajeev Sharma, CMD, REC on 11th August, 2015.

The credit support was provided to Telangana State Power Generation Company Limited for setting up an Ultra Mega Power Project of “5 x 800” MW capacity.

REC (Rural Electrification Corporation) a Navratna & leading public Infrastructure Finance Company in India’s power sector, works for improving electrification of the rural areas of the country.

Earlier, REC signed a MoU with TSGENCO in February for providing financial assistance to the extent of Rs 20,000 Crore.

This was to facilitate Telangana’s ambitious program of developing Thermal Power projects during 12th plan for capacity addition of about 4000 MW.