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REC CMD Visits Power Startup and Innovation Zone at Bharat Electricity Summit

Newsmantra — Mon, 23 Mar 2026 11:18:22 +0000

NEW DELHI. REC Ltd CMD Shri Jitendra Srivastava, IAS, and Executive Director Shri Prince Dhawan visited the Power Startup & Innovation Zone at the Bharat Electricity Summit 2026. Held at the Yashobhoomi Convention Centre, this zone showcases disruptive technologies and next-generation business models. By bringing together startups and R&D leaders, the platform fosters AI integration and collaboration, creating vital investment opportunities and knowledge exchange to transform the future of India’s power sector.

Union Ministers Unveil REC Limited’s High-Tech “Green Multiplier” Pavilion at Bharat Electricity Summit

Newsmantra — Fri, 20 Mar 2026 12:41:04 +0000

NEW DELHI. Union Ministers Shri Manohar Lal, Shri Prahlad Joshi, and Shri Shripad Naik officially inaugurated the REC Limited pavilion at the Bharat Electricity Summit. Themed “Financing India’s Energy Abundance,” the pavilion serves as a “Green Multiplier,” showcasing REC’s pivotal role as the financial backbone for India’s Net Zero 2070 goals and the PM Surya Ghar Muft Bijli Yojana. The high-tech space—launched in the presence of Secretary (Power) Shri Pankaj Agarwal and REC CMD Shri Jitendra Srivastava—features immersive anamorphic LED walls and kinetic displays to highlight REC’s expanding footprint in renewable energy, electric mobility, and sustainable infrastructure. By blending vibrant design with decentralized power solutions, the pavilion reaffirms REC Limited’s leadership in powering the innovations necessary for a low-carbon, energy-secure future for all Indians.

Cabinet Greenlights ₹2,584-Crore Boost for Small Hydro Projects

Newsmantra — Thu, 19 Mar 2026 13:29:37 +0000

The Union Cabinet has approved a ₹2,584.60-crore development scheme to revitalize India’s small hydro power sector from FY 2026–27 to FY 2030–31. This initiative aims to add 1,500 MW of capacity through projects ranging from 1 MW to 25 MW, with a strategic focus on the North Eastern and hilly states. The government will provide central financial assistance of up to ₹3.6 crore per MW for border and North Eastern regions, and ₹2.4 crore per MW for other states, aiming to attract ₹15,000 crore in total investment while relying entirely on indigenous machinery under the Atmanirbhar Bharat vision.

Beyond clean energy expansion, the scheme is designed to spark socio-economic growth in remote areas by generating approximately 51 lakh person-days of employment during construction. Because these decentralized projects require minimal land acquisition and transmission infrastructure, they offer an environmentally sustainable way to reduce power losses. Additionally, a dedicated fund of ₹30 crore has been set aside to help agencies prepare detailed project reports for 200 future sites, ensuring a long-term pipeline for a sector where projects typically last 40 to 60 years.