REC Ltd
Shri V.K. Singh is the Director (Technical) of REC Limited since July 15, 2022. Prior to his elevation, he was serving as Executive Director in the Company. He holds a Bachelor’s Degree in Electrical Engineering from IIT, Roorkee and has over 33 years of experience in the Indian power sector. He joined REC on March 29, 2007, prior to which, he had worked with Power Grid Corporation of India Limited and NTPC Limited.
As Director (Technical), he is responsible for all technical and operational functions of REC, including project & entity appraisal of renewable energy, generation, transmission & distribution projects, financing activities including sanction, disbursement and project monitoring, business development, diversification and overall functioning of the Company. He has rich experience in transmission project development & management, TBCB process, procurement of goods & services, construction of EHV sub-stations and transmission lines, financial aspects like raising of bonds, commercial paper, ECB etc.
He is also a Director on the Board of REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC.
Shri V.K. Singh is holding Nil equity shares in the Company. Further, he has no inter-se relation with any other Director or Key Managerial Personnel 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.