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Rural Electrification Corporation Limited signs MoU with Power Ministry
Rural Electrification Corporation Limited (REC), the Navratna Central Public Sector Enterprise has signed a Memorandum of Understanding (MoU) with the Ministry of Power for the financial year 2017-18.
Hyderabad: Rural Electrification Corporation Limited (REC), the Navratna Central Public Sector Enterprise has signed a Memorandum of Understanding (MoU) with the Ministry of Power for the financial year 2017-18. Dr P V Ramesh, CMD, REC, signed the MoU on behalf of the corporation while P K Pujari, Secretary, Ministry of Power, signed on behalf of the ministry.
Through the MoU, REC reiterated its commitment to continue financial and operational excellence on various performance parameters, besides committing time bound implementation support for prestigious Government programmes like Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) that includes electrification of un-electrified villages, intensive electrification of villages, release of electricity connections to BPL households, increase in substation capacity and 11 KV feeder segregation.
The MoU was signed in New Delhi in the presence of Shalini Prasad, Add’l Secretary, Ministry of Power, Ajeet Agarwal, Director (Finance), Sanjeev Kumar Gupta, Director (Technical), REC, and other senior officials of REC. The corporation has been demonstrating exceptional performance by securing ‘Excellent’ rating on MoU targets for the last 23 years in a row.
