REC commits Rs. 40,358-cr for power infra in Odisha
In a bid to augment the energy infrastructure in Odisha, REC has signed three Memorandums of Understanding (MoUs) worth Rs. 40,358 crore to finance various projects in Odisha. These MoUs will foster development and sustainability in the region, through partnerships with Odisha Power Generation Corporation (OPGC), Acme Group, and Avaada Group, with the goal of enhancing energy infrastructure. REC and OPGC have joined forces to finance Rs. 9,538 crore for the development of Unit 5&6, a 660 MWx2 thermal power project in Jharsuguda. In collaboration with Acme Group, REC will provide funding of Rs. 16,000 crore for a green hydrogen and ammonia facility in Gopalpur, in a move towards sustainable and clean energy solutions for the future. Similarly, REC has also entered into an agreement with the Avaada Group, pledging Rs 15,000 crore for the forthcoming green hydrogen and ammonia facility in Gopalpur.