REC secures Rs. 200 mn loan for power distribution reforms
POWER & RENEWABLE ENERGY

REC secures Rs. 200 mn loan for power distribution reforms

Rural Electrification Corporation (REC) has finalised a ? 200 million loan agreement with German bank KfW to drive transformative reforms in India's power distribution sector. This strategic financial infusion is poised to bolster efforts in enhancing the efficiency and sustainability of the country's electricity distribution network.

The substantial loan signifies a collaborative international commitment towards advancing India's power infrastructure. The funds from KfW will be instrumental in implementing crucial reforms that aim to address challenges in the power distribution sector. This includes upgrading technology, improving distribution networks, and integrating renewable energy sources to create a more resilient and sustainable energy landscape.

The partnership between REC and KfW underscores the global recognition of the importance of empowering India's power sector to meet the growing energy demands of its population. The loan agreement reflects confidence in REC's capabilities and the potential impact of the proposed reforms.

By leveraging this financial support, REC intends to enhance the reliability of power supply, reduce distribution losses, and promote the adoption of cleaner energy sources. These initiatives align with India's broader goals of achieving energy security, reducing carbon emissions, and ensuring widespread access to electricity.

This collaboration highlights the significance of international cooperation in addressing complex challenges within the energy sector. The infusion of funds from KfW into India's power distribution reforms is expected to contribute significantly to the nation's progress in building a robust, sustainable, and inclusive energy infrastructure.

Rural Electrification Corporation (REC) has finalised a ? 200 million loan agreement with German bank KfW to drive transformative reforms in India's power distribution sector. This strategic financial infusion is poised to bolster efforts in enhancing the efficiency and sustainability of the country's electricity distribution network. The substantial loan signifies a collaborative international commitment towards advancing India's power infrastructure. The funds from KfW will be instrumental in implementing crucial reforms that aim to address challenges in the power distribution sector. This includes upgrading technology, improving distribution networks, and integrating renewable energy sources to create a more resilient and sustainable energy landscape. The partnership between REC and KfW underscores the global recognition of the importance of empowering India's power sector to meet the growing energy demands of its population. The loan agreement reflects confidence in REC's capabilities and the potential impact of the proposed reforms. By leveraging this financial support, REC intends to enhance the reliability of power supply, reduce distribution losses, and promote the adoption of cleaner energy sources. These initiatives align with India's broader goals of achieving energy security, reducing carbon emissions, and ensuring widespread access to electricity. This collaboration highlights the significance of international cooperation in addressing complex challenges within the energy sector. The infusion of funds from KfW into India's power distribution reforms is expected to contribute significantly to the nation's progress in building a robust, sustainable, and inclusive energy infrastructure.

Next Story
Infrastructure Urban

NACDAC PAT Rises 39%, Net Worth Doubles in FY25

NACDAC Infrastructure Limited has posted robust financial results for the fiscal year ended March 2025, with profit after tax (PAT) rising by 38.97 per cent year-on-year and net worth more than doubling. The company also reported a 33.84 per cent increase in revenue from operations, supported by operational efficiency, strategic project execution, and expansion across sectors and regions.In FY25, NACDAC recorded:Revenue from operations of Rs 485.8 million (up from Rs 362.97 million in FY24)EBITDA of Rs 67.6 million (up 31.93 per cent YoY)PAT of Rs 41.4 million (up from Rs 29.8 million in FY24)..

Next Story
Infrastructure Urban

Tata Communications Boosts Asia Connectivity With New Subsea Cable

Tata Communications, a global leader in communications technology, has announced the integration of the TGN-IA2 submarine cable system into its existing network. Developed by the Asia Direct Cable (ADC) consortium, the new cable represents a major advancement in network capacity, speed, and reliability for businesses across Asia and beyond.The TGN-IA2 cable is designed to deliver seamless connectivity, scalable bandwidth, and high-capacity data transfer across multiple routes. It will benefit enterprises, hyperscalers, and service providers by offering diverse and resilient connectivity throug..

Next Story
Infrastructure Urban

L&T Wins Water Projects in Rajasthan Worth Over Rs 1 Billion

Larsen & Toubro’s Water & Effluent Treatment (WET) business has secured major engineering, procurement and construction (EPC) orders from the Public Health Engineering Department of Rajasthan, aimed at improving water access and infrastructure across rural areas of the state.The largest order is for the Rajasthan Rural Water Supply and Fluorosis Mitigation Project – Phase II, Package-1, which includes the supply and installation of 5,251 km of transmission and distribution pipelines, construction of 38 ground-level reservoirs with a combined capacity of 40 million litres (ML), 20 p..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?