Credit support is given to TSGENCO for setting up an Ultra Mega Power Project of capacity with 5 x 800 MW at Yadadri
Rural Electrification Corporation (REC), a Navratna PSU disbursed a Rs 16070 crore loan to Telangana for construction of 4000 MW Yadadri power plant. Rajeev Sharma, CMD, REC on 11 August 2015 handed over the cheque to K. Chandrashekar Rao, Chief Minister of Telangana.The credit support is given to TSGENCO for setting up an Ultra Mega Power Project of capacity with 5 x 800 MW at Yadadri. MD of TSGENCO and other senior officials from State Government and REC were also. The disbursement of Rs 16070 crore is highest ever extended by REC in a single instalment.
Earlier, REC, a Navratna PSU, had signed a MoU with TSGENCO in February 2015 for providing the financial assistance to the extent of Rs 20000 Crore. This was to facilitate Telngana's ambitious program of developing Thermal Power projects during 12th plan for capacity addition of about 4000 MW.
REC will continue to play a leading role among the development partners active in Telangana's power sector development.
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