REC inks initial pact to finance power and renewable energy projects in Tripura

New Delhi, Jul 10 (PTI) State-owned REC Ltd on Friday said that it has inked two initial pacts with Tripura to finance power and renewable energy projects worth Rs 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, a company statement said. Under the first MoU, REC Ltd has partnered with the Tripura Renewable Energy Development Agency (TREDA) to provide financial assistance for renewable energy projects worth up to Rs 5,000 crore. As the nodal agency for renewable energy development in Tripura, TREDA will facilitate the implementation of renewable power projects across the state, while REC Ltd will provide financial support to enable investments in the green energy sector. Further strengthening its partnership with the state, REC Ltd also signed an MoU with the Department of Power, Government of Tripura, through the Tripura State Electricity Corporation Ltd (TSECL), to support power sector projects worth Rs 10,000 crore. The Rs 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. PTI KKS KKS MR