Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
State-owned REC Ltd has signed two Memoranda of Understanding (MoUs) with the Government of Tripura to provide financing of up to INR 15,000 crore for power and renewable energy projects in the state. Signed during the Destination Tripura Business Conclave 2026, the agreements include funding support of up to INR 5,000 crore for renewable energy projects through the Tripura Renewable Energy Development Agency (TREDA) and up to INR 10,000 crore for power infrastructure projects through the Tripura State Electricity Corporation Ltd (TSECL). The partnerships are intended to strengthen the state's electricity network while supporting renewable energy deployment and sustainable infrastructure development.
REC Ltd has entered into two Memoranda of Understanding (MoUs) with the Government of Tripura to finance power and renewable energy projects worth up to INR 15,000 crore. The agreements were signed during the Destination Tripura Business Conclave 2026 and are aimed at supporting the state's electricity infrastructure and clean energy development.
Under the first MoU, REC Ltd will provide financial assistance of up to INR 5,000 crore for renewable energy projects in partnership with the Tripura Renewable Energy Development Agency (TREDA). As the state's nodal agency for renewable energy development, TREDA will facilitate the implementation of renewable power projects across Tripura, while REC will extend financial support to enable investments in the sector.
The second agreement was signed between REC Ltd and the Department of Power, Government of Tripura, through the Tripura State Electricity Corporation Ltd (TSECL). Under this arrangement, REC will provide financing of up to INR 10,000 crore for power sector projects across the state.
According to the company, the financing will support key initiatives aimed at expanding and modernising Tripura's power infrastructure. The investment is intended to improve electricity transmission and distribution systems while strengthening reliable and sustainable power access for consumers across the state.
REC stated that the agreements reflect its continued commitment to supporting sustainable development and strengthening power infrastructure in the North-East. Through the partnerships, the company aims to facilitate investments in both conventional power infrastructure and renewable energy projects, contributing to the state's long-term energy requirements.
The two financing agreements form part of REC's broader role in supporting infrastructure development through long-term funding for power and energy projects across India. The latest partnerships with the Government of Tripura are expected to advance renewable energy deployment alongside improvements to the state's overall power infrastructure.
Source - PTI
Advertisement
Facebook
Whatsapp
