Rural Electrification Corp plans investment in Green Energy financing
Updated: Sep 17, 2013 05:50:40pm
New Delhi, Sept 17 (KNN) Rural Electrification Corporation Limited (REC) is planning to enhance its presence in Green Energy financing, towards Solar, Biomass, and Wind Power, to help mitigate the problem of power scarcity, carbon emissions and fuel supply.
“REC will strive to strengthen its core financing activities and explore new business areas in the allied fields also viz power equipment financing, energy efficiency related activities, equity financing etc,” said Chairman and Managing Director, Rajeev Sharma while addressing shareholders at the Annual General Meeting held here.
Rural Electrification Corporation Limited (REC) is a NAVRATNA Central Public Sector Enterprise under the Ministry of Power.
Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.
REC reviews and revises its lending and operational policies/procedures to suitably align with market requirements as also with its corporate objectives, said the Chairman.
“…the power sector will continue to provide one of the biggest avenues to make significant contribution towards the development of country’s infrastructure,” Sharma said. (KNN/SD)
“REC will strive to strengthen its core financing activities and explore new business areas in the allied fields also viz power equipment financing, energy efficiency related activities, equity financing etc,” said Chairman and Managing Director, Rajeev Sharma while addressing shareholders at the Annual General Meeting held here.
Rural Electrification Corporation Limited (REC) is a NAVRATNA Central Public Sector Enterprise under the Ministry of Power.
Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.
REC reviews and revises its lending and operational policies/procedures to suitably align with market requirements as also with its corporate objectives, said the Chairman.
“…the power sector will continue to provide one of the biggest avenues to make significant contribution towards the development of country’s infrastructure,” Sharma said. (KNN/SD)
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