REC Ltd
Ajay Prakash Kushwaha is a seasoned professional with over a decade of experience at REC Limited, where current responsibilities as Chief Manager include the annual evaluation of multiple states under RDSS, appraisal of state DISCOM proposals, and project monitoring focused on loss reduction and advanced metering infrastructure. Prior roles at REC encompassed managerial positions dedicated to the development of business in Uttar Pradesh, project sanctioning, and debt financing, alongside experience in project appraisal and monitoring for various government initiatives like RGGVY and DDUGJY. Ajay's early career involved roles in technical appraisal and operations at REC and a brief period as a Graduate Engineer Trainee at Krishak Bharati Co-operative Limited. Ajay holds a Bachelor of Technology in Electrical Engineering from the National Institute of Technology Srinagar, an MBA in Financial Management from Indira Gandhi National Open University, and multiple postgraduate diplomas in Human Rights, Intellectual Property Rights, and Cyber Laws.
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REC Ltd
REC Limited, formerly Rural Electrification Corporation Limited, is engaged in other financial services and activities-other Credit granting. The Company provides finance to power sector. It finances and promotes rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them. It provides loan assistance to state electricity boards (SEBs)/State Power Utilities for investments in rural electrification schemes through its corporate office located at New Delhi and over 20 field units, which are located in most of the states. It has sanctioned approximately 580 transmission and distribution schemes, which include primary power evacuation schemes associated with generating plants, system improvement schemes, including feeder segregation schemes, bulk loan schemes and intensive electrification schemes.