REC supports sustainable growth and addresses energy needs of the region
REC Limited will provide loans of up to Rs.20,000 crores annually for the next six years to various departments, undertakings, institutions and schemes of the Rajasthan Government for power and non-power infrastructure sectors.
REC has signed a Memorandum of Understanding (MoU) with the Rajasthan Government to help accelerate projects related to the state’s infrastructure sector, such as power projects, metros, roads & highways, airports, IT infrastructure, oil refinery, steel infrastructure, ports & waterways, fiber optics, telecom, health sector, tourism infrastructure, agriculture and other infra projects.
“This collaboration underscores REC’s commitment to supporting the development of both power and non-power infrastructure in Rajasthan, thereby contributing to the state’s economic growth and prosperity,” the Ministry of Power said on 11 Mar 2024.
Speaking about the agreement, REC CMD Vivek Kumar Dewangan said, “Through this partnership, we aim to support sustainable growth and address the evolving energy needs of the region, along with development of other infrastructure sectors.”
REC Ltd. provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. Fiinews.com
