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Article: India: REC plans foray into renewable energy.
- Article from:
- TendersInfo
- Article date:
- August 24, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
State-owned financier Rural Electrification Corporation (REC) will foray into renewable energy generation. The proposal follows the company s plans to get into thermal electricity generation. The company is in talks with five firms Tata Power, Larsen & Toubro, GVK Power and Infrastructure, KSK Energy Ventures and Dalmia Cement for floating joint ventures for setting up power projects.
We want to be a part of the excitement that is taking place in the renewable energy segment. Renewable energy is a very negligible portion of our lending business at present. We want to take it to a sizeable amount going forward, a company official involved ...