REC Limited to Fund Rs 18,360 Crore Pump Storage Projects in Kerala
2025-03-13
ET Now
In a significant development, REC Limited has inked a Memorandum of Understanding (MoU) with the Energy Management Centre (EMC) of the Kerala government to collaborate on and finance Pumped Storage Projects (PSP) in the state, with a total investment of Rs 18,360 crore. This move is set to boost Kerala's renewable energy landscape, promoting sustainable energy solutions and energy storage systems. The partnership aims to drive growth in the sector, leveraging REC's expertise in financing renewable energy projects and EMC's knowledge of the local energy market, with a focus on green energy and power generation.
