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The Rural Electrification Corporation, Karnataka Power Corporation (KPCL), and Bangalore Electricity Supply Corporation (BESCOM) signed an MOU for financial assistance of $5.8 billion to Karnataka power utilities over the next five years. KPCL can draw on financing of $4 billion for generation projects, and other loan requirements, while BESCOM can access $1.8 billion for implementation of distribution projects.

Source: Sarkaritel Go to