REC supports the development of power sector pan India
Organisations Name : REC Ltd.
Head of the Organisation: SANJAY MALHOTRA (IAS)
Designation: Chairman & MD
Services offered: Loan for Generation Projects, Loan for Transmission Projects, Loan for Distribution Projects, Short Term Loans / Medium Term Loans
REC, a Navaratna under the Ministry of Power, supports the power sector development across India. It is a leading infrastructure finance company and its activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities through its extensive network of 22 offices across the country.
REC has signed a MoU with Kholongchhu Hydro Energy Ltd. (KHEL) for financing of 600 MW Hydro Electric Project at TrashiYangtse, Bhutan. The project is being executed as per an inter-governmental (IG) agreement signed between the Govt. of India and the Royal Govt. of Bhutan (RGoB) in April 2014. It is the first Joint Venture Company being undertaken between the two governments for implementation of 4x150 MW Kholongchhu Hydro Electric Project.
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