REC to finance 2 green hydrogen, thermal project worth Rs 40,000 crore
State-owned REC Ltd on Monday announced signing of initial pacts to finance two green hydrogen and a thermal power project in Odisha.
REC has signed an MoU with Odisha Power Generation Corporation (OPGC) to finance Rs 9,538 crore for development of two units of a thermal power project in Jharsuguda, Odisha, the company said in a statement.
The collaboration will contribute significantly to the state’s power generation capacity and energy infrastructure, REC said.
Under a partnership with Acme Group, REC will provide a funding of Rs 16,000 crore for a green hydrogen and ammonia facility proposed at Gopalpur in the state.
