Memorandum of Understanding (MoU) was executed between REC Transmission Projects Company Ltd. (RECTPCL) and Energy Efficiency Services Ltd. (EESL) for taking up Energy Efficiency and Energy Efficient Street Lighting projects. During the event, Ms. Ritu Maheshwari, IAS, CEO-RECTPCL and Mr. Saurabh Kumar, MD-EESL executed the MoU in the presence of Dr. P V Ramesh, CMD-RECL and other senior officials of RECTPCL and EESL.
REC Transmission Projects Company Limited (a wholly owned subsidiary of REC Ltd.) has been entrusted the responsibility of selection of developer for a number of inter-State transmission projects in accordance with guidelines notified by government. These transmission projects are required to be implemented on Build, Own, Operate & Maintain (BOOM) basis in accordance with Tariff Based Competitive Bidding Guidelines for Transmission Service & Guidelines for Encouraging Competition in Development of Transmission Projects notified by Ministry of Power, Government of India.