Tangedco gets more than Rs 1lakh crore funds for power projects

CHENNAI: Rural Electrification Corporation signed memoranda of understanding on Friday in the presence of state electricity minister P Thangamani to provide financial assistance of Rs 60,063 crore and Rs 25,660 crore to Tangedco for implementing power and transmission projects in the next 8 years in Tamil Nadu.

The REC also handed over a sanction letter for rupee term loan of Rs 10,453 crore for establishment of thermal power projects in Udangudi and Kadaladi in Tuticorin and Ramanathapuram.

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