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Shri Jitendra Srivastava, IAS, has assumed charge as CMD of REC .  Shri Srivastava is a seasoned civil servant with over two decades of distinguished service. Over the years, he has held several key administrative and leadership roles across the Government of India and the Government of Bihar.

Shri Srivastava has served as Joint Secretary in the Department of Drinking Water & Sanitation, Ministry of Jal Shakti from January 2023 onwards. Earlier, he served as Secretary to Govt. of Bihar in Home Department and Public Health Engineering Department (PHED).

His postings have included important assignments in sectors such as finance, power sector, education, public health, and infrastructure. His deep understanding of grassroots governance, combined with his experience at the central level, makes him well-equipped to steer REC’s strategic objectives and support India’s growing power and energy needs.He holds a B.A. (Hons) in Economics from Delhi University’s Hansraj College and MBA (Finance) from Cochin University of Science and Technology.

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During the session, Sh. Dewangan emphasised the crucial role that sustainable financing has in achieving the nation’s climate goals. Elaborating on REC’s leadership in driving India’s energy transition, Sh. Dewangan highlighted that REC has set a target of attaining a green finance loan portfolio of Rs. 3 lakh crore by FY 2030. This target would increase the share of renewables from the current 8% to 30% by 2030.

Sh. Dewangan also discussed the vast potential of Rajasthan, which is being boosted by REC through various projects. Recently, REC has signed an MoU with the Rajasthan government to finance Rs. 50,000 Cr annually till FY 2030 in a range of projects, including renewables and the non-power infrastructure sector in the state.

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