REC Limited has entered into an agreement with Damodar Valley Corporation (DVC), under which REC will provide a loan of Rs 45.28 billion to DVC for setting up a 1,320 MW thermal power project (2×660 MW) at Raghunathpur in West Bengal.
The Phase-II project, a collaborative effort between REC and DVC, will contribute considerably to the power generation capacity in West Bengal. This strategic partnership is intended to facilitate sustainable development and ensure successful implementation, by adhering to efficiency, innovation, and environmental responsibility.