REC sanctions Rs 3,769 crore loan for NTPC TN Power Company project

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New Delhi, May 19 (UNI) State-owned Rural Electrification Corporation (REC) today sanctioned a loan of Rs 3,769 crore to NTPC Tamil Nadu Power Company for a thermal power project in Ennore near Chennai.

''The project, which will be commissioned in the 11th five-year plan, will add 1,000 MW thermal generation capacity to Tamil Nadu and contribute significantly to the development of power infrastructure in the state. Its first unit with 500 MW capacity is expected to be started in 2010-11.'' the compay said in a statement.

REC is engaged in financing and promoting transmission, distribution and generation projects across the country.

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