REC Limited Signs MoUs Worth ₹15,000 Crore to Accelerate Power and Renewable Energy Development in Tripura
Dated 2026-07-10

New Delhi/Agartala: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed two Memoranda of Understanding (MoUs) with the Government of Tripura to support power and renewable energy projects worth ₹15,000 crore.

The MoUs were signed during the Destination Tripura Business Conclave 2026, reflecting REC's continued commitment to enabling sustainable development and strengthening power infrastructure in the Northeast.

Under the first MoU, REC Limited has partnered with the Tripura Renewable Energy Development Agency (TREDA), through the Department of Power, Government of Tripura, to provide financial assistance for renewable energy projects worth up to ₹5,000 crore. The agreement was signed by Sh. Subhendu Roy, Chief Program Manager, REC Regional Office, Guwahati, and Sh. D. S. Das, Director General (In-charge), TREDA.

As the nodal agency for renewable energy development in Tripura, TREDA will facilitate the implementation of renewable power projects across the state, while REC Limited will provide financial support to enable investments in the green energy sector. The partnership is expected to accelerate clean energy adoption, unlock Tripura's renewable energy potential, and contribute significantly to the region's sustainable development.

Further strengthening its partnership with the state, REC Limited also signed an MoU with the Department of Power, Government of Tripura, through the Tripura State Electricity Corporation Limited (TSECL), to support power sector projects worth ₹10,000 crore.

The signing ceremony was graced by Sh. Ratan Lal Nath, Hon'ble Minister of Power, Government of Tripura. The MoU was signed by Sh. Subhendu Roy, Chief Program Manager, REC Regional Office, Guwahati, and Sh. Biswajit Basu, Managing Director, TSECL.

The ₹10,000 crore partnership aims to facilitate financing for key power sector initiatives in the state, contributing to the expansion and modernization of Tripura's power infrastructure while ensuring reliable and sustainable electricity access for its citizens.

About REC LIMITED

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has been designated as the nodal agency for certain States and Union Territories under the Revamped Distribution Sector Scheme (RDSS). Additionally, the Central Government has entrusted REC with the responsibility of implementing the PM Surya Ghar Muft Bijli Yojana.