REC Plans To Disburse Rs 3 Lakh Crore By 2022: P V Ramesh

REC Plans To Disburse Rs 3 Lakh Crore By 2022: P V Ramesh

With the Centre’s push for electricity for all, power financing firm Rural Electrification Corporation (REC) sees major growth coming from renewable energy, transmission, distribution, smart grid and turnkey projects overseas through subsidiaries.

Rural Electrification eyes Rs10,000 crore renewables lending push

Rural Electrification eyes Rs10,000 crore renewables lending push

Rural Electrification Corp. (REC), a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas.