The Rural Electrification Corporation (REC) has signed a memorandum of understanding (MoU) with the state government of Jharkhand worth Rs.151.5 billion (~$2.25 billion). An MoU was signed with Jharkhand Bijli Vitran Nigam Limited (JBVNL) for Rs.81.5 billion (~$1.212 billion) and another with Jharkhand Urja Sancharan Nigam Limited (JUSNL) for Rs.70 billion (~$1.041 billion) to develop transmission lines across the state and connect the entire state to the grid.