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REC Ltd partners with NIIFL for renewable energy and infrastructure funding

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Press Releases 27 Jan 2024 12:34 PM IST PIB

REC Limited, a significant government enterprise in the power sector, has joined hands with the National Investment and Infrastructure Fund Limited (NIIFL) to work together on funding solutions for Renewable Energy Projects and large-scale infrastructure projects in India. The Memorandum of Understanding (MoU) was signed to strengthen financial collaboration for the nation's progress. REC's commitment to financing vital infrastructure projects aligns with NIIF's strategy to attract private capital into the infrastructure sector. The collaboration aims to develop innovative financial solutions to support major infrastructure initiatives. The agreement was signed by key representatives from REC and NIIFL in the presence of their respective leadership.