New Delhi: REC Foundation, the CSR arm of REC Limited has funded the setting up of a 2 MW solar power plant at IIM Tiruchirappalli. The inauguration of the power plant was held online through a digital platform. REC Limited's Chairman & Managing Ditrector (CMD) SK Gupta, who was present as the Chief Guest, inaugurated the power plant in the presence of the guest of honour, REC Limited's Director (Finance) Ajoy Choudhury along with REC Foundation's CEO SN Srinivas and IIM Tiruchirappalli's Director Dr Bhimaraya Metri.
The main objective of this project is to be able to power the IIM-Tiruchirappalli campus through clean and sustainable means. The event is yet another testament of REC’s focus and commitment to promoting environment sustainability through renewable energy projects and contributing to a greener and cleaner India.
REC Limited, formerly known as Rural Electrification Corporation Limited, is a Navratna NBFC and Infrastructure Finance Company (IFC) focusing on Power Sector Financing and Development across India. It provides financial assistance to state electricity boards, state governments, central & state power utilities, independent power producers, rural electric cooperatives and private sector utilities. Its business activities involve financing projects in the complete power sector value chain; different type of projects includes generation, transmission, distribution projects and renewable energy projects.
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