REC Limited has signed a 200 million euro loan agreement with Germany’s KfW bank to enhance the distribution segment.
This agreement marks REC’s sixth line of credit under the Indo-German Development Cooperation and demonstrates the corporation’s commitment to enhance the distribution infrastructure of discoms in line with the revamped distribution sector scheme (RDSS). The development signifies a stride in REC’s ongoing commitment to overhauling the distribution sector within the country. As the designated agency for implementing the RDSS scheme, REC plays a pivotal role in facilitating the government’s initiative.