REC signs loan agreement for Pakal Dul Hydro Electric Project
REC Limited has entered into a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) to support the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project. The loan will be used to fund the development, construction, and operation of the project, including part funding of the project cost and reimbursement of excess funds provided by promoters, if any. The Pakal Dul Hydro Electric Project is a…