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REC signs MoU for multiple projects at UP Global Investors' Summit

Monday, 16 Jan 2023
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REC has signed non-binding MoUs with the Uttar Pradesh (UP) government to provide financial assistance worth Rs 98,853 crore for multiple projects during UP Global Investors Summit, New Delhi.

The key projects comprise a power plant at a cost of Rs 14,103 crore, with a capacity addition of nearly 3,000 megawatts (MW), pollution control equipment & allied works, and transmission projects worth Rs 7,800 crore to be undertaken towards strengthening infrastructure, and minimising the aggregate technical & commercial losses.

Other projects being facilitated include renewable energy-based ventures at a cost of Rs 45,350 crore for an addition of 10,000 MW capacity and multiple infrastructure development projects of Rs 20,000 crore across various sectors in UP.

In a recent initiative led by the Madhya Pradesh government, during Global Investors Summit 2023, the REC had signed a non-binding MoU with MP Power Management Company (MPPMCL) for investments worth Rs 15,086 crore for the upcoming Sarand Amarkantak thermal power projects and various modernisation schemes.

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