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REC and NIIFL sign MOU For Big Infra Funding

"For empowering India's growth to strategically funding partnerships REC remains loyal in its commitment to fuelling the nation’s progress, financing key infrastructure echoes shared vision for a strong and interconnected future"

Rural Electrification Corporation (REC) has teamed up with National Investment and Infrastructure Fund Limited (NIIFL) for funding solutions for Large-Scale Infrastructure and Renewable Energy initiatives. The MoU has already been signed by the two organisations.

Describing the agreement, CMD, REC, Mr Vivek Kumar Dewanagan stated: “For empowering India’s growth to strategically funding partnerships REC remains loyal in its commitment to fuelling the nation’s progress, financing key infrastructure echoes shared vision for a strong and interconnected future.”

Executive Director and Chief Strategy Officer Mr Prasad Ghadkari, NIIFL said: ”The Collaboration aligns perfectly for a broader strategy to enhance financing, attract private capital into the infrastructure sector.Via this collaboration aims to develop innovative financial solutions supporting major infrastructure”.
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