Dewangan says REC committed to fuelling the nation’s progress
REC Limited and National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on funding solutions for renewable energy projects and large infra projects
REC Limited has signed a Memorandum of Understanding (MoU) with NIIFL to collaborate on a suite of funding solutions for Renewable Energy Projects as well as large-scale infrastructure projects in India.
Speaking about the agreement on 26 Jan 2024, REC CME Vivek Kumar Dewangan said, “Empowering India’s growth through strategic financial partnerships, REC Limited remains steadfast in its commitment to fuelling the nation’s progress. Our commitment to financing key infrastructure projects echoes our shared vision for a robust and interconnected future.”
NIIFL Executive Director & Chief Strategy Officer, NIIFL Prasad Gadkari elaborated, “The collaboration with REC aligns perfectly with NIIF’s broader strategy to enhance financing and attract private capital into the infrastructure sector. Through this partnership, we aim to develop innovative financial solutions supporting major infrastructure.”
The MoU was signed by REC Executive Director (Finance) Daljeet Singh Khatri and NIIFL Executive Director & Chief Strategy Officer Prasad Gadkari, in the presence of REC CMD Dewangan and NIIFL CEO and MD Dhar. Fiinews.com
