DVC, a public sector undertaking under the Ministry of Power (MoP), caters to the energy needs of the eastern region of the country.The Phase-II project, a collaborative effort between REC and DVC, will contribute considerably to the power generation capacity in West Bengal.68 crore to DVC for setting up a 1,320 MW thermal power project (2x660 MW) at Raghunathpur in West Bengal.REC has entered into a pact with Damodar Valley Corporation (DVC), under which REC will provide a loan of Rs 4,527.REC is an NBFC focusing on power sector financing, provides financial assistance to state electricity boards, power utilities and others across generation, transmission, distribution and renewable energy projects.
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