RECPDCL and BHEL Forge Partnership for Utility-Scale Renewable Energy Development

In a significant move towards boosting India’s renewable energy sector, REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has entered into a Memorandum of Understanding (MoU) with Bharat Heavy Electrical Limited (BHEL) for the joint development of utility-scale renewable energy projects across the nation. This collaboration is aimed at contributing to the nation’s clean energy goals through the creation of a dedicated Special Purpose Vehicle (SPV).

The SPV, benefiting from BHEL’s core engineering expertise and REC Limited’s prowess in infrastructure investment, is set to initially focus on the commercial and industrial (C&I) segment, targeting an initial capacity of 1 GW with plans for future expansion. The partnership was officiated in a ceremony held in New Delhi, witnessed by prominent figures including Shri Vivek Kumar Dewangan, CMD of REC; Shri Koppu Sadashiv Murthy, CMD of BHEL; Shri V K Singh, Director (Projects) at REC; Shri Rajesh Kumar, CEO of RECPDCL; and Ms. Bani Varma, Director, IS&P at BHEL.

Shri Vivek Kumar Dewangan expressed his enthusiasm over the collaboration, highlighting the synergy between REC’s experience in the renewable sector and BHEL’s manufacturing and engineering expertise. He emphasized that the SPV is poised to significantly contribute towards achieving India’s ambitious renewable energy targets, thereby promoting a sustainable future.

Echoing the sentiment, BHEL’s CMD Shri Koppu Sadashiv Murthy remarked on the abundant opportunities in the renewable energy sector, stressing on the potential of the joint venture to leverage the strengths of both organizations in meeting the government’s renewable energy objectives.

This partnership marks a strategic step forward in harnessing renewable resources such as solar, wind, and green hydrogen to meet the country’s energy demands, while steering India towards a cleaner and greener energy landscape.