New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) and a leading non-banking financial company (NBFC) under the Ministry of Power, has entered into a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh. The agreement, signed at the Global Investors Summit 2025 in Bhopal, outlines REC’s commitment to providing financial assistance of Rs 21,000 crore over the next five years to bolster power sector infrastructure in the state.
The MoU was formalized in the presence of the Chief Minister of Madhya Pradesh Dr Mohan Yadav; Additional Chief Secretary (Energy) Neeraj Mandloi; Madhya Pradesh Power Management Company Limited's (MPPMCL) Managing Director Avinash Lawania (IAS); REC Limited's Executive Director Pradeep Fellows; REC Limited's Chief Project Manager (Bhopal) Satyaban Sahu along with other senior officials from MPPMCL and REC Limited.
The agreement underscores REC’s pivotal role in enhancing Madhya Pradesh’s power infrastructure and facilitating the state’s transition towards renewable energy. The planned investment will focus on modernizing transmission and distribution networks, supporting sustainable energy solutions, and ensuring reliable power supply for industries, businesses, and households across the state.
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