The company said that it sold its 50 per cent stake in Kholongchhu Hydro Energy Limited (KHEL) as per directions received from the Ministry of Power for ₹354.71 crores.
REC signs MoU for financing 600 MW Hydro Electric Project in Bhutan
REC Limited, Navratna company under the Ministry of Power, along with Power Finance Corporation Limited has signed a Memorandum of Understanding (MoU) on 9th March 2021 with Kholongchhu Hydro Energy Ltd. (KHEL) for financing of 600 MW Hydro Electric Project at TrashiYangtse, Bhutan.
REC Limited, Navratna company under the Ministry of Power, along with Power Finance Corporation Limited has signed a Memorandum of Understanding (MoU) on 9th March 2021 with Kholongchhu Hydro Energy Ltd. (KHEL) for financing of 600 MW Hydro Electric Project at TrashiYangtse, Bhutan. KHEL is a JV company of SJVN (India) and Druk Green Power Corporation Limited (Bhutan) set up with a 50:50 shareholding pattern for the development of the 600 MW Kholongchhu Hydro Electric Project in Eastern Bhutan. The MoU was signed in the presence of Sh. Sanjay Malhotra, CMD - REC, Sh. RS Dhillon CMD - PFC, Sh. NL Sharma, CMD - SJVNL, and Sh. Yeshi Wan
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