REC Ltd
Shri Vivek Kumar Dewangan is an Indian Administrative Service Officer of Manipur Cadre [1993 Batch]. He holds B.E. in Electronics from NIT, Bhopal and P.G. in Optoelectronics & Optical Communication from IIT, Delhi. Before his appointment in REC, he was serving as Additional Secretary in the Ministry of Power, Government of India.
During his illustrious career as IAS officer, he has held various administrative positions in the areas of Finance, Power / Energy, Petroleum & Natural Gas, Elections / Law & Justice, Commerce & Industries, Minister’s Office [Corporate Affairs / Agriculture & Food Processing Industries], Education / Human Resource Development, Sericulture / Agriculture & Cooperation, Economic Affairs, Economics & Statistics, Rural Development & Panchayati Raj, District Administration [Surguja & Raipur District in Chattisgarh and Senapati District in Manipur] and Revenue Administration.
Shri Vivek Kumar Dewangan is also the ex-officio Chairman of REC’s wholly-owned subsidiary viz., REC Power Development and Consultancy Limited (formerly known as REC Power Distribution Company Limited). Further, he was the Government Nominee Director in power sector companies namely, NTPC Limited, Energy Efficiency Services Limited and Damodar Valley Corporation (DVC).
As on the date of appointment, Shri Dewangan was holding Nil Equity Shares in REC. Further, he has no inter-se relation with any other Director or KMP of the Company.
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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.