OREANDA-NEWS. August 13, 2015. REC, a Navratna PSU disbursed a Rs.16,070 crore loan to Telangana for construction of 4000 MW Yadadri power plant. Rajeev Sharma, CMD, REC handed over the cheque to Shri K. Chandrashekar Rao Honourable 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.16,070 crores 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. 20,000 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.