A loan agreement signed by the Chairman & Managing Director, REC..

A loan agreement signed by the Chairman & Managing Director, REC, Shri Rajeev Sharma and the Country Director (India), KfW, Mr. Oscar von Maltzan, between Rural Electrification Corporation (REC) and KfW (German Development Bank) for a loan of Euro 100.1 million (including a grant component of Euro 0.5 million) for financing “Clean Energy for Rural Development” projects, in New Delhi on March 30, 2012.