In a significant milestone, RECPDCL, a wholly owned subsidiary of REC Limited specializing in power sector consultancy, has inked Implementation Contracts and Direct Debit Facility (DDF) Agreements with Advanced Metering Infrastructure Service Providers (AMISPs) IntelliSmart and Apraava Energy.
This collaboration involves the deployment of 17.7 Lakh Smart Meters and 23.6 Lakh Smart Meters for Dakshin Gujarat Vij Company Ltd (DGVCL) and Paschim Gujarat Vij Company Ltd (PGVCL), respectively. The DDF arrangement enhances payment security for AMISPs, facilitating prompt payment of monthly charges directly from consumer billing collections. This initiative aligns with RECPDCL’s commitment to the RDSS scheme, aiming to enhance the quality, reliability, and affordability of power supply while ensuring financial sustainability and operational efficiency in the distribution sector.
About REC Limited: REC Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Limited has completed over fifty years in the area of its operations. It provides financial assistance throughout the complete power sector value chain; for various types of projects including Generation, Transmission, Distribution and Renewable Energy. REC’s funding illuminates every fourth bulb in India.
