State-owned REC Ltd has signed a pact with KfW Development Bank to avail USD 169.5 million to the power finance sector and renewable energy projects.
“REC Ltd has entered into an agreement with KfW Development Bank for availing ODA (official development assistance) term loan of USD 169.5 million under the Indo-German Bilateral Partnership in accordance with the approval granted by the Department of Economic Affairs, Ministry of Finance, Government of India,” the power ministry said in a statement.
