REC subsidiary signs MoU with Gujarat Govt. for Smart Metering project
REC has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social & Commercial Infrastructure
New Delhi/Ahmedabad: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC, has 
inked an MoU with the Government of Gujarat for Rs. 2,094.28 Crores for implementation of the Smart Metering project in PGVCL (Paschim Gujarat Vij Company Ltd.) under Phase 1 of Revamped Distribution Sector Scheme (RDSS) according to a company press note.
In the strategic collaboration, the Government of Gujarat is set to facilitate RECPDCL in obtaining necessary permissions and clearances for their upcoming projects in the state. The MoU outlines a time-bound framework to streamline the establishment of RECPDCL’s projects in Gujarat.
The MoU was signed ahead of Vibrant Gujarat Summit 2024 by MD, Gujarat Urja Vikas Nigam (GUVNL), Jai Prakash Shivahare and CEO, RECPDCL, Rajesh Kumar Gupta in presence of Chief Minister of Gujarat, Bhupendra Patel.
REC Limited, a Maharatna Central Public Sector Enterprise established in 1969, under Ministry of Power, provides long-term loans and other finance products for Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage and Green Hydrogen. (feed by Alok Mishra / Dheep Joy Mampilly, PIB Delhi)
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