REC Ltd. signs MoUs with UP Government, MP Power Management Company Ltd.

On January 13, 2023, REC Limited has signed the following non-binding MoUs with UP government to extend financial assistance during UP Global Investors Summit, Delhi, which will help State in employment generation as well as exponential growth in UP:

a) for Power Generation project of ₹14,103 crore with capacity addition of nearly 3000 MW, Pollution control equipments and allied works;

b) for Transmission projects of ₹7,800 crore for strengthening the transmission system and network in UP;

c) for Distribution project of ₹13,600 crore for strengthening infrastructure, reducing AT&C losses, to provide quality and affordable power to all;

d) for renewable energy of ₹45,350 crore for addition of 10000 MW capacity; and

e) for multiple infrastructure development projects in UP state of ₹20,000 crore across various sectors.

Further, during MP Global Investors Summit 2023, REC has signed a non-binding MoU with MP Power Management Company Limited (MPPMCL) to extend financial assistance of ₹15,086 crore for upcoming Sarani and Amarkantak thermal power projects, system improvement works, technology upgradation, renovation & modernization etc.

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