"Memorandum of Understanding (MoU) signed by REC for extending financial assistance to the tune of Rs 60,000 crore in the state of Andhra Pradesh," Rural Electrification Corp informed BSE today.
According to the statement, REC has signed three MoUs for extending financial assistance of around Rs 60,000 crore in the state for the next five years (till March 2022).
The financial assistance comprises Rs 40,000 crore to Andhra Pradesh Power Generation Corp, Rs 10,000 to Transmission Corporation of Andhra Pradesh and Rs 10,000 crore to AP DISCOMSs.
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