REC Commits Rs. 40,358-cr for Odisha Power Infrastructure

Rural Electrification Corporation (REC) has inked three significant Memorandums of Understanding (MoUs) amounting to Rs. 40,358 crore to bolster Odisha's energy infrastructure. Collaborating with Odisha Power Generation Corporation (OPGC), REC will finance the development of a 660 MWx2 thermal power project in Jharsuguda, amounting to Rs. 9,538 crore. REC has also partnered with Acme Group, committing Rs. 16,000 crore for a green hydrogen and ammonia facility in Gopalpur, promoting sustainable energy solutions. Additionally, an agreement with Avaada Group involves Rs. 15,000 crore funding for another green hydrogen and ammonia facility in Gopalpur, marking a significant stride toward clean energy initiatives.