REC and NIIFL Join Forces for Renewable Energy and Infrastructure Funding
The collaboration aims to provide a suite of funding solutions for Renewable Energy Projects and large-scale infrastructure projects across the country.
January 29, 2024. By Abha Rustagi
The collaboration aims to provide a suite of funding solutions for Renewable Energy Projects and large-scale infrastructure projects across the country.
Speaking about the agreement, the CMD of REC, Vivek Kumar Dewangan, expressed the organization's commitment to fueling India's progress through strategic financial partnerships. He stated, "Our commitment to financing key infrastructure projects echoes our shared vision for a robust and interconnected future."
Prasad Gadkari, Executive Director and Chief Strategy Officer of NIIFL, highlighted that the collaboration with REC aligns perfectly with NIIF's broader strategy to enhance financing and attract private capital into the infrastructure sector. Through this partnership, both organizations aim to develop innovative financial solutions supporting major infrastructure projects in India.
The MoU was formalized through the signatures of Daljeet Singh Khatri, Executive Director (Finance) at REC, and Prasad Gadkari, Executive Director & Chief Strategy Officer at NIIFL. The signing ceremony took place in the presence of the CMD of REC, Vivek Kumar Dewangan, and CEO and MD of NIIFL, Rajiv Dhar.
Key officials, including the Director (Finance) and Director (Projects) from REC, and Sr. Principal - Strategic Initiatives and Policy Advisory along with the Executive Director from NIIFL, were also present during the occasion.
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