SJVN inks initial pact with REC to secure Rs 50,000 crore for projects
State-owned SJVN Ltd has signed an initial agreement with REC Ltd for financing of INR 500 billion for its subsidiaries and joint ventures. REC will provide financial assistance for setting up new power generating stations using conventional and renewable sources of energy, as well as for new technology projects like battery storage, green hydrogen/ammonia, hydrogen cells storage, E-vehicles, and green project manufacturing units.
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