Rural Electrification Corporation signs MoU to provide financial assitance

To Andhra Pradesh Power Generation Corporation & Transmission Corporation of Andhra Pradesh

Rural Electrification Corporation announced that the Company has on 23 September 2015 signed Memorandum of Understanding (MoU) with Andhra Pradesh Power Generation Corporation and Transmission Corporation of Andhra Pradesh, for extending financial assistance to:

1. Andhra Pradesh Power Generation Corporation (APGENCO) of Rs. 3,000 crore for the proposed 500 MW Solar Power Generation Project in Anantapur District of Andhra Pradesh; and

2. Transmission Corporation of Andhra Pradesh (APTRANSCO) of Rs. 6,000 crore for various Transmission & System improvement projects coming up in the Capital region of Andhra Pradesh.

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