REC Limited and the National Investment and Infrastructure Fund Limited have entered into a collaborative partnership aimed at providing innovative funding solutions for a diverse array of projects, with a specific focus on both renewable energy initiatives and large-scale infrastructure projects.
REC Limited, a government-owned infrastructure finance company in India, has played a pivotal role in powering the nation’s growth. Specializing in financing and promoting projects across the power sector, REC has been one of the key contributors to India’s energy landscape.
National Investment and Infrastructure Fund Limited (NIIF) is one of the premier financial institutions in India, dedicated to catalyzing infrastructure development. With a focus on strategic investments across various sectors, NIIF drives economic growth and fosters sustainable projects.
Speaking on the agreement, REC Limited’s CMD, Vivek Kumar Dewangan, emphasized the organization’s dedication to advancing India’s growth through strategic financial partnerships. REC Limited remains committed to fueling the nation’s progress, with a focus on financing vital renewable energy initiatives and infrastructure projects that align with a shared vision for a robust and interconnected future.
Prasad Gadkari, Executive Director & Chief Strategy Officer of NIIF, expressed that the collaboration with REC is in perfect alignment with NIIF’s broader strategy to boost financing and attract private capital to the infrastructure sector. The partnership aims to foster innovative financial solutions that will contribute to the development of major infrastructure projects.
The Memorandum of Understanding (MoU) was officially signed by REC’s Executive Director (Finance), Daljeet Singh Khatri, and NIIF’s Executive Director & Chief Strategy Officer, Prasad Gadkari. The signing ceremony took place in the presence of REC’s CMD, Vivek Kumar Dewangan, and NIIF’s CEO and MD, Rajiv Dhar.
