REC Signs $215 Million Loan Agreement with KfW to Reform Indian DISCOMs

This is the sixth line of credit under the Indo-German Development Cooperation

December 11, 2023

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Public infrastructure finance company REC Limited has signed a €200 million (~$215 million) loan agreement with German bank KfW. The loan will be used to undertake reforms in India’s distribution sector.

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REC Signs $215 Million Loan Agreement with KfW to Reform Indian DISCOMs

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