REC to fund Damodar Valley Corporation for setting up thermal power project in West Bengal

REC Limited has entered into an agreement with Damodar Valley Corporation (DVC) to provide a loan of Rs 4,527 crore for setting up a 1,320 MW thermal power project (2x660 MW) at Raghunathpur in West Bengal.

This project will contribute significantly to the power generation capacity in West Bengal and will mark a key milestone in the energy landscape of the region

REC and DVC aim to implement the highest standards of efficiency, innovation, and environmental responsibility

REC Limited is a NBFC firm that provides financing in the power sector, while DVC is a public sector undertaking under the Union Ministry of Power, engaged in power generation and transmission