Tripura is set to boost its power infrastructure with an upcoming memorandum of understanding (MoU) with REC Limited, a key player in financing power projects across India. The agreement, expected to be signed within a month, will pave the way for collaborations to upgrade the state’s power sector.
REC Limited, a Maharatna company under the Ministry of Power, is registered with the Reserve Bank of India as a Non-Banking Finance Company (NBFC), Public Financial Institution (PFI), and Infrastructure Financing Company (IFC). With a focus on supporting green energy solutions, REC has been instrumental in driving power projects nationwide.
Tripura Power Secretary Abhishek Singh recently visited the REC Corporate Office in Gurugram to discuss potential partnerships and explore opportunities for enhancing the state’s power infrastructure. During the visit, Singh also had the opportunity to tour the REC Experience Centre, showcasing the company’s achievements and commitment to sustainable energy solutions.
In an interview with India Today NE, Singh expressed optimism about the upcoming collaboration, stating, “We will be partnering with REC to advance power infrastructure projects in Tripura. We anticipate the signing of an MoU within a month.” Joining Singh in the discussions was Jitendra Srivastava, Chairman and Managing Director of REC Limited.
The partnership with REC is expected to provide Tripura with the necessary financial and technical support to expand and modernize its power infrastructure. With a strong focus on green energy solutions, the collaboration aims to drive sustainable development in the state’s power sector.
