RECPDCL signs MoU with govt of Gujarat for Smart Metering project

  • Industry News
  • Jan 04,24
The MoU was signed ahead of Vibrant Gujrat Summit 2024 by Jai Prakash Shivahare, IAS, MD, GUVNL and Rajesh Kumar Gupta, CEO, RECPDCL in presence of Chief Minister of Gujarat, Bhupendra Patel.
RECPDCL signs MoU with govt of Gujarat for Smart Metering project

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSE under Ministry of Power and the leading NBFC, has inked a  Memorandum of Understanding (MoU) with the Government of Gujarat for Rs 2,094.28 crore for the implementation of the Smart Metering project in PGVCL (Paschim Gujarat Vij Company) under the RDSS Scheme's Phase 1.

The MoU was signed ahead of Vibrant Gujrat Summit 2024 by Jai Prakash Shivahare, IAS, MD, GUVNL and Rajesh Kumar Gupta, CEO, RECPDCL in presence of Chief Minister of Gujarat, Bhupendra Patel. 

In the strategic collaboration, the government of Gujarat is set to facilitate RECPDCL in obtaining necessary permissions and clearances for their upcoming projects in the state. This initiative aligns with the existing policies, rules, and regulations of the state government, showcasing a commitment to fostering development and innovation.

The MoU outlines a time-bound framework to streamline the establishment of RECPDCL’s projects in Gujarat. The partnership underscores the state's dedication to providing a conducive environment for businesses and projects, contributing to economic growth and sustainable development.

REC, a Maharatna CPSE established in 1969, under Ministry of Power, provides long term loans and other finance products for power-infrastructure sector comprising of generation, transmission, distribution, renewable energy and new technologies like electric vehicles, battery storage, green hydrogen etc. More recently REC has also diversified into the non-power infrastructure sector comprising of roads and expressways, metro rail, airports, IT communication, social and commercial infrastructure (educational institution, hospitals), ports and electro-mechanical (E&M) works in respect of various other sectors like steel, refinery, etc.  The loan book of REC exceeds Rs 4.7 lakh crore.

Related Stories

Electrical & Electronics
Juniper Green Adds 64 MWp Renewable Capacity across Gujarat and Maharashtra

Juniper Green Adds 64 MWp Renewable Capacity across Gujarat and Maharashtra

Juniper Green Energy commissions ~64 MWp, completing wind and solar projects months ahead of schedule, underscoring its strong execution and clean energy focus.

Read more
Heating & Cooling Equipment
Ingersoll Rand Opens New Manufacturing Facility in Sanand, Gujarat

Ingersoll Rand Opens New Manufacturing Facility in Sanand, Gujarat

Ingersoll Rand’s new manufacturing facility in Sanand is one of its largest investments in India, and is set to begin production by the fourth quarter of fiscal year 2025.

Read more
Other Industrial Products
Swan Defence signs Rs 42.50 bn MoU with GMB to boost shipbuilding

Swan Defence signs Rs 42.50 bn MoU with GMB to boost shipbuilding

Swan Defence and GMB will expand shipyard capacity, build a 200-acre cluster, and set up a maritime Centre of Excellence.

Read more

Related Products

Power Conversion Systems

POWER GENERATION & ENERGY CONSERVATION PRODUCTS

POM Systems & Services Pvt Ltd offers a wide range of PCS power conversion systems energy storage.

Read more

Request a Quote

Hot Water Generators

POWER GENERATION & ENERGY CONSERVATION PRODUCTS

Transparent Energy Systems Private Limited offers a wide range of Hot water generators - Aquawarm Superplus.


Read more

Request a Quote

Scrap Baling Press

POWER GENERATION & ENERGY CONSERVATION PRODUCTS

Fluid Power Machines offers hydraulic scrap baling press. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016