Rural Electrification Corporation (REC) and Damodar Valley Corporation (DVC), a thermal and hydro power generating public organization of India has signed a loan agreement for funding of the first 2X660 MW Supercritical Thermal Power Unit located at Raghunathpur in West Bengal’s Purulia district.
The loan amount of Rs 6,362 crores is to be funded solely by REC. These units will be a part of Raghunathpur Phase -II expansion programme of DVC.
REC provides financial assistance and promotes rural electrification projects throughout the country. It funds State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects.
