Funds for TS power units

recrajiv (1)Chairman and MD, Rural Electrification Corporation Rajeev Sharma has handed over a cheque for Rs 16,070 crore for Yadadri power station in Damacharla, Nalgonda district to Chief Minister K Chandrasekhar Rao at cm’s camp office. Power Minister Jagadishwar Reddy and Genco CMD Prabhakar Rao were present. The REC also gave a cheque for Rs 4,321 crore for 800 MW plant at Palwancha in Khammam district three months ago.   So far REC provided Rs 20,391 crore for TS power projects which is said to be the highest amount given to a State. Besides, REC collected interest at 11 percent instead of 11.5 percent which saved over Rs 500 crore to TS. Power finance corporation also provided Rs 4,000 crore to TS for 800 MW generation. CM said that government efforts for projects are bearing fruits and there is no scarcity of funds for power projects.

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