REC to provide 210,860 million financial assistances
POWER & RENEWABLE ENERGY

REC to provide 210,860 million financial assistances

State-owned REC Ltd will provide discoms in Madhya Pradesh, MP Power Management Company Ltd, and Rewa Ultra Mega Solar project with financial support totaling 210,860 million. To this end, REC has signed three different agreements with MP Power Management Company Limited (MPPMCL), Madhya Pradesh's discoms, and Rewa Ultra Mega Solar Ltd.

The Ministry of Power announced on Thursday that an MoU had been signed with MPPMCL to provide financial assistance totaling 150,860 million for the upcoming Sarani and Amarkantak thermal power projects as well as other system improvement works, technology upgradation, modernization, and other projects in Madhya Pradesh.

Rewa Ultra Mega Solar Ltd. and another party have also signed a contract under which the latter will contribute 10,000 million to the development of renewable energy projects, including green energy parks and projects, and/or related infrastructure, such as power evacuation.

The statement continued, "In addition, REC has pledged an additional amount of 50,000 million to MP discoms (power distribution companies) under a REC-World Bank programme, REC has pledged an additional 50,000 million to MP discoms (power distribution companies) to MP discoms (power distribution companies) MP discoms (power distribution companies) to support the distribution The Ministry of Power's REC (formerly known as the Rural Electrification Corporation Limited) offers financial support for initiatives in the development, generation, transmission, and distribution of electricity.

State-owned REC Ltd will provide discoms in Madhya Pradesh, MP Power Management Company Ltd, and Rewa Ultra Mega Solar project with financial support totaling 210,860 million. To this end, REC has signed three different agreements with MP Power Management Company Limited (MPPMCL), Madhya Pradesh's discoms, and Rewa Ultra Mega Solar Ltd. The Ministry of Power announced on Thursday that an MoU had been signed with MPPMCL to provide financial assistance totaling 150,860 million for the upcoming Sarani and Amarkantak thermal power projects as well as other system improvement works, technology upgradation, modernization, and other projects in Madhya Pradesh. Rewa Ultra Mega Solar Ltd. and another party have also signed a contract under which the latter will contribute 10,000 million to the development of renewable energy projects, including green energy parks and projects, and/or related infrastructure, such as power evacuation. The statement continued, In addition, REC has pledged an additional amount of 50,000 million to MP discoms (power distribution companies) under a REC-World Bank programme, REC has pledged an additional 50,000 million to MP discoms (power distribution companies) to MP discoms (power distribution companies) MP discoms (power distribution companies) to support the distribution The Ministry of Power's REC (formerly known as the Rural Electrification Corporation Limited) offers financial support for initiatives in the development, generation, transmission, and distribution of electricity.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement