Hyderabad: Rajeev Sharma, CMD, REC, handed over the letters conveying sanction of financial assistance of Rs 8621.72 crores to K.Vijayanand, MD (APGENCO), on 17th January 2014 at APGENCO’s headquarters in Hyderabad for its Dr. NTTPS, Stage-V, Unit -7 Thermal Power Project (1×800 MW) at Ibrahimpatnam in Krishna District and KTPS, Stage-VII Thermal Power Project at Kothagudem in Khammam District. The projects are being developed at a cost of Rs.10,777.15 crores during the XIIth plan. With this capacity addition, Andhra Pradesh will be benefited with an additional generation of 1600 MW of power by end of XIIth plan.
REC, a Government of India “Navaratna” Enterprise, is providing financial assistance to state and central power utilities for Rural Electrification/System Improvement/Augmentation and power generation, transmission and distribution projects. REC is the Nodal agency of Government of India for Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) and National Electricity Fund (NEF).
APGENCO is engaged in generation of electricity in Andhra Pradesh through planned development, operation and maintenance of its power stations with a view to effectively promote socio-economic development of the state as well as the country.