Industry & Economy
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Power
REC extends Rs 487-cr aid for AP
Our Bureau
Hyderabad
,
Oct. 25
THE Rural Electrification Corporation Limited (REC) has agreed to extend financial assistance to the tune of Rs 487 crore for electrifying 8,470 village habitations and 25,12,731 rural households in 643 mandals spread over 13 districts of the State.
According to an official release, the REC Chairman, Mr A.K. Lakhina, called on the Chief Minister, Dr Y.S. Rajasekhara Reddy, at the latter's chambers on Tuesday and handed over the sanction letters for these schemes.
This is in addition to sanctions recently accorded for Rs 160 crore in Visakhapatnam, Guntur, Anantapur and Khammam districts. Mr Lakhina promised to sanction the schemes in the remaining four districts early, the release said.
The REC has agreed to fund the electrification of households in Srikakulam, Kadapa, Nizamabad, Vizianagaram, Kurnool, Chittoor, Krishna, Mahabubnagar, West Godavari, Nellore, Nalgonda, Prakasam and Adilabad districts.
The REC has also agreed to give Rs 400 crore to electrify an additional 40 lakh houses.
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