Rural Electrification Corp inks 2 MoUs with Andhra Pradesh utilities to provide Rs 9,000 crore loan

State-run Rural Electrification Corp today inked two separate agreements with Andhra Pradesh utilities to provide Rs 9,000 crore loan for 500-MW solar power plant and transmission network for state’s capital.

The MoUs to provide debt to the utilities were signed in the presence of Andhra Pradesh Chief Minister N Chandrababu Naidu.

The first MoU with APGENCO (Andhra Pradesh Power Generation Corporation Limited) is for Rs 3,000 crore for setting up a 500 MW Solar power generat ..

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