The State of Tripura is preparing to formalise a memorandum of understanding (MoU) with REC Limited to enhance its power infrastructure, with the agreement expected to be signed within a month, government officials confirmed.

REC Limited, a Maharatna public sector enterprise under the Ministry of Power, serves as a major financier for power sector initiatives across India. It is also recognised by the Reserve Bank of India as a Non-Banking Finance Company (NBFC), Public Financial Institution (PFI), and Infrastructure Financing Company (IFC).

Tripura Power Secretary Abhishek Singh recently visited REC’s Corporate Office in Gurugram to explore opportunities for collaboration. Discussions with REC Chairman and Managing Director Jitendra Srivastava focused on financing and technical partnerships to modernise the state’s power systems. During the visit, Singh also toured the REC Experience Centre, which showcases the company’s key achievements and green energy initiatives.

Speaking to India Today NE, Singh stated, “We will be partnering with REC to take power infrastructure projects in Tripura. We are expecting that an MoU will be signed within a month.”

The forthcoming agreement is anticipated to bring both financial support and technical guidance to Tripura’s growing energy requirements, enabling the state to implement modern, efficient, and sustainable power infrastructure in alignment with national energy objectives.