REC Limited

REC Limited (formerly Rural Electrification Corporation) is India's premier government-owned infrastructure finance company under the Ministry of Power. It provides long-term debt financing for power sector projects — generation, transmission, distribution, and increasingly renewable energy — playing a pivotal role in India's energy transition and climate-aligned development finance.

REC's mission is to finance and promote power sector development across India, with growing emphasis on renewable energy, green hydrogen, energy storage, EV infrastructure, and climate-resilient power infrastructure — aligning with India's 500 GW non-fossil target by 2030.

Headquartered in New Delhi, REC operates through a pan-India network of regional and state offices covering all major states. It primarily finances state utilities, independent power producers, and private developers. REC is the dominant long-tenure lender for renewable energy and transmission projects across India's vast geography.

Roles are shown generally — verify the current appointees on the agency's own site.

• Renewable energy generation (solar, wind, hybrid)
• Energy storage and BESS projects
• Power transmission and grid infrastructure
• Green hydrogen and emerging clean technologies
• EV charging infrastructure and urban power systems

• Long-tenure project finance loans (up to 20–30 years)
• Green bonds and sustainable debt instruments
• Working capital and short-term credit facilities
• Co-financing and consortium lending with banks/DFIs

Developers and CXOs can approach REC through its regional offices or corporate headquarters with a bankable project proposal. Engagement typically requires DPR submission, financial model review, and technical appraisal. Private developers should align proposals with REC's approved sector and eligibility guidelines before formal application.