Rural Electrification Corporation commits USD 1 mn to ISA

Rural Electrification Corporation (REC) recently announced its commitment of USD 1 million to International Solar Alliance (ISA).

“In view of the World Environment Day 2018, Rural Electrification Corporation contributed USD one million to the International Solar Alliance (ISA) becoming a corpus contributor,” an REC statement said.

REC Chairman and Managing Director P V Ramesh handed over the cheque to Interim Director General of ISA Upendra Tripathy in the presence of the Power Minister R K Singh, REC’s Director (Technical) S K Gupta and other senior officials from the two organisations.

The pact was inked on June 4 at the World Environment Day exhibition at Vigyan Bhawan in New Delhi.

Ramesh said,The Rural Electrification Corporation is extremely proud to partner with ISA and promote sustainability through global collaboration, especially with India hosting the World Environment Day this year?.

The Rural Electrification Corporation finances projects throughout the power sector value chain and has been focussing on increasing its renewable energy portfolio as well as venturing into the e-vehicle and storage infrastructure.

Source: PTI