REC Energy Development and Consulting Ltd (RECPDCL), a 100% subsidiary of REC, has signed an initial agreement with the gujarat government to implement smart metering projects worth Rs 2,094.28 million. The project will be implemented in Paschim Gujarat Vij Company Ltd (PGVCL) under the first phase of the Revamped Distribution Sector Scheme (RDSS).
PGVCL sinks Gujarat Urja Vikas Nigam Ltd (GUVNL).
According to a statement, GUVNL CEO Jai Prakash Shivahare and RECPDCL CEO Rajesh Kumar Gupta signed a memorandum of understanding (MoU) in the presence of Gujarat Chief Minister Bhupendra Patel.
The MoU was signed ahead of the Vibrant Gujarat Summit 2024.
The Government of Gujarat is willing to facilitate RECPDCL in obtaining necessary permissions and clearances for its upcoming projects in the state.
According to the statement, the MoU outlines a time-bound framework to expedite the establishment of RECPDCL projects in Gujarat.
