RECPDCL, BHEL Sign MoU for Various RE Projects in India

  • REC Power Development and Consultancy Limited (RECPDCL) and Bharat Heavy Electrical Limited (BHEL) have signed a MoU for joint development of utility-scale Renewable Energy Projects across India. 
  • The MoU aims to contribute to India’s clean energy targets through a Special Purpose Vehicle (SPV). 
  • The SPV will cater to the energy requirements of the commercial and industrial (C&I) segment, with an initial capacity of 1 GW which will be scaled up further. 
  • The MoU was signed in New Delhi on 15th March 2024, in the presence of CMD, REC, Shri Vivek Kumar Dewangan; CMD, BHEL, Shri Koppu Sadashiv Murthy; Director (Projects), REC, Shri V K Singh; CEO, RECPDCL, Shri Rajesh Kumar and Director, IS&P, BHEL, Ms. Bani Varma. 
  • RECPDCL has been providing knowledge-based consultancy and expert project implementation services to over 50 State power distribution companies and Power Departments of States for various distribution reform projects of over Rs. 1 lakh crores. 
  • REC is now gearing to venture into the Renewable Energy Sector through diverse business models to generate a stream of stable revenue by investing in significant surplus cash assets.
Posted in Current Affairs.