India Business Journal - REC inks pact with Madhya Pradesh govt to provide Rs 21,000-cr support to power sector

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REC inks pact with Madhya Pradesh govt to provide Rs 21,000-cr support to power sector

IBJ Bureau
Mar 02, 2025

REC, a Maharatna CPSE and leading NBFC under the Ministry of Power, has signed a memorandum of understanding (MoU) with the Government of Madhya Pradesh at the Global Investors’ Summit 2025 in Bhopal. Under this agreement, REC has committed to providing financial support of Rs 21,000 crore over the next five years for the development of power sector infrastructure in the State.

The MoU was signed in the presence of Madhya Pradesh Chief Minister Mohan Yadav; Additional Chief Secretary (Energy) Neeraj Mandloi; Madhya Pradesh Power Management Company (MPPMCL) Managing Director Avinash Lawania; REC Executive Director Pradeep Fellows; REC Chief Project Manager (Bhopal) Satyaban Sahu; and other senior officials from MPPMCL and REC.

This MoU marks a significant step towards enhancing the power supply network in Madhya Pradesh and accelerating the State’s transition towards renewable energy. The investment will focus on strengthening transmission and distribution infrastructure, promoting sustainable energy solutions and improving overall power reliability for industries, businesses and households across the State.