New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna PSU 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 crores for the implementation of the smart metering project in Paschim Gujarat Vij Company Limited (PGVCL) under the RDSS Scheme's Phase 1.
The MoU was signed ahead of Vibrant Gujrat Summit 2024 by GUVNL's Managing Director (MD) Jai Prakash Shivahare (IAS) and RECPDCL's CEO Rajesh Kumar Gupta in presence of Chief Minister of Gujrat 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.