REC has signed a 200 million Euro loan agreement with the German Bank KfW in New Delhi. This is REC’s sixth line of credit under Indo-German Development Cooperation, which REC will utilize to re-finance investments in the distribution infrastructure of DISCOMs in alignment with the Revamped Distribution Sector Scheme (RDSS) of the Government of India. This occasion marks yet another significant step in REC's ongoing commitment to the reform of the distribution sector in the country.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
