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.

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?