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REC signs MoU with UP Govt for multiple projects

REC has signed Memorandum of Understanding (MoUs) with the Uttar Pradesh (UP) government to provide financial assistance worth Rs 98,853 crore for multiple projects.

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.

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