REC Power Development and Consultancy Ltd, a company fully owned by REC Ltd, has formally entered into a Memorandum of Understanding (MoU) with the government of Gujarat. This collaboration entails a substantial investment totaling Rs 2,094 crore to implement a comprehensive smart metering project within the state.
REC Power Development and Consultancy Ltd (RECPDCL), a contributor within India’s power sector, is known for its comprehensive range of services. Established under the aegis of Rural Electrification Corporation Limited (REC), RECPDCL specializes in power project development, consultancy, and advisory services. Its expertise spans across various domains including thermal, hydro, solar, and wind power projects, offering end-to-end solutions encompassing feasibility studies, project planning, execution, and monitoring. With a robust track record of successfully implementing numerous projects nationwide, RECPDCL remains committed to fostering sustainable and innovative solutions in the power sector. Leveraging its technical proficiency and commitment to excellence, RECPDCL continues to play a pivotal role in advancing India’s energy landscape.
Under the inaugural phase of the restructured distribution sector initiative, the Ministry of Power announced on Thursday that the company is set to execute the project within Paschim Gujarat Vij Co. This implementation marks a significant step forward in the scheme’s deployment within the region, signifying a pivotal advancement in the broader context of enhancing power distribution. Prior to the commencement of the Vibrant Gujarat Summit 2024, an agreement, known as a Memorandum of Understanding (MoU), was formally executed by Jai Prakash Shivahare, the Managing Director of Gujarat Urja Vikas Nigam, and Rajesh Kumar Gupta, the CEO of REC Power Development. This significant accord was ratified in the esteemed presence of Chief Minister Bhupendra Patel.
The state government is committed to aiding the REC arm by assisting in acquiring all essential permissions and clearances required for its forthcoming projects. Within the agreement, there exists a meticulously designed framework bound by specific time constraints, aimed at efficiently organizing and expediting the project processes within Gujarat, as stated in the announcement.
