REC signs 200 million euro loan with German Bank KfW to propel distribution sector reforms
PIB рджрд┐рд▓реНрд▓реАред REC Limited, a Maharatna CPSE under the Ministry of Power, has signed a 200 million Euro loan agreement with the German bank KfW on December 8, 2023. This marks REC's sixth line of credit under the Indo-German Development Cooperation and demonstrates the corporationтАЩs commitment to enhance the distribution infrastructure of DISCOMs in line with the Revamped Distribution Sector Scheme (RDSS) of the Government of India. This occasion marks a significant step in REC's ongoing commitment to reform the distribution sector in the country. REC is the nodal agency to implement the RDSS scheme. The government launched the┬аRevamped Distribution…
