REC signs MoU with DVC for long term loan assistance

NEW DELHI: Rural Electrification Corp on Friday said it has signed a memorandum of understanding with Damodar Valley Corp (DVC)
REC signs MoU with DVC to provide a holistic framework for extending long-term financing and capacity support.

The MoU would ensure financing ongoing and upcoming projects of DVC on competitive terms and also for extending other value added services for the next five years, an official statement said.