Rural Electrification Corporation (REC) has entered into Memorandum of Understanding (MoU) with Maharashtra State Power Generation Company (MAHAGENCO) for extending financial assistance to the tune of Rs 13,000 crore and for providing required services. The above MoU is non-binding in nature and the financial assistance is subject to appraisal of the proposal(s) to be submitted by MAHAGENCO to REC and approval of Competent Authority.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.
