REC has received an approval for the incorporation of Project Specific Special Purpose Vehicle (SPV), as Wholly Owned Subsidiary Company of REC Power Development and Consultancy (a Wholly Owned Subsidiary of REC) for 'Transmission System for Evacuation of Power from RE Projects in Rajgarh 1000 MW SEZ in Madhya Pradesh - Phase- II' Inter-State Transmission Projects to be implemented through TBCB process. The proposed SPV will also be subsidiary Company of REC, in terms of the provisions of Section 2(87) of the Companies Act, 2013. The Board of Directors of the company in its meeting held on June 24, 2023 inter-alia considered and approved the same.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
