REC commits USD 1 million to ISA on Environment Day
In view of the World Environment Day 2018, REC Limited, the Navratna power sector financier, contributed one million USD to the International Solar Alliance (ISA) becoming a corpus contributor. REC’s Chairman & Managing Director Dr. P.V. Ramesh handed over the cheque to Interim Director General of ISA Mr. Upendra Tripathy in the presence of the Power Minister Shri R.K. Singh, REC’s Director (Technical) Mr. S.K. Gupta and other senior officials from the two organisations. The pact was inked on 4th June at the World Environment Day exhibition at Vigyan Bhawan in New Delhi.
Dr. Ramesh, on the occasion said, “REC is extremely proud to partner with ISA and promote sustainability through global collaboration, especially with India hosting the World Environment Day this year”. REC finances projects throughout the power sector value chain and has been focussing on increasing its renewable energy portfolio as well as venturing into the e-vehicle and storage infrastructure.