REC has received an approval for incorporation of seven Project Specific Special Purpose Vehicles (SPVs) as Wholly Owned Subsidiaries of REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary of the company, for development of different projects allocated by Ministry of Power, Government of India. The companies to be incorporated will also be wholly owned subsidiary Companies of REC.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.
