Under the terms of the agreement, REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, will lend Damodar Valley Corporation (DVC) Rs. 4,527.68 crore so that DVC can build a 1,320 MW thermal power project (2×660 MW) at Raghunathpur in West Bengal.
The Raghunathpur Thermal Power Station Phase-II project, a collaborative effort between REC and DVC, will contribute significantly to the power generation capacity in West Bengal. With a combined capacity of 1,320 MW, the project marks a key milestone in the energy landscape of the region.
As the project progresses, REC and DVC remain dedicated to ensure its successful implementation, adhering to the highest standards of efficiency, innovation, and environmental responsibility. This strategic partnership between REC and DVC underlines their collective commitment to foster sustainable development and strengthen the power sector.
The agreement was signed in the presence of Ram Naresh Singh, Chairman; Arup Sarkar, Member ,Finance, Dr. John Mathai, Member Secretary, M. Raghu Ram, Member, Technical; Joydeep Mukherjee, Executive Director Finance, and Sumit Kumar Das, Senior General Manager, Finance from Damodar Valley Corporation, and Pankaj Verma, CPM from REC Limited.
