REC signs MoU for two renewable hydrogen and conventional power projects worth Rs 403 billion in Odisha

REC Limited has signed three MoUs totalling Rs 403.58 billion to support and finance various projects in Odisha over the coming years. The first MoU is with Odisha Power Generation Corporation Limited to finance the development of Units 5 and 6 of a 2×660 MW thermal power project in Jharsuguda, Odisha, at an investment of Rs 95.38 billion. The second MoU is with Acme Group Limited, for the provision of Rs 160 billion in funding for a green hydrogen and ammonia facility in Gopalpur, Odisha. The third MoU is with Avaada Group Limited, for Rs 150 billion in funding for an upcoming green hydrogen and ammonia facility in Gopalpur, Odisha.