REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC, the Maharatna CPSE under Ministry of Power and the leading NBFC, has inked a  Memorandum of Understanding (MoU) with the Government of Gujarat for Rs.20.9428 billion for implementation of the Smart Metering project in Paschim Gujarat Vij Company (PGVCL) under the RDSS Scheme's Phase 1.  The partnership underscores the state's dedication to providing a conducive environment for businesses and projects, contributing to economic growth and sustainable development. REC, a Maharatna CPSE established in 1969, under the Ministry of Power, provides long-term loans and other finance products for power infrastructure sector comprising of generation, transmission, distribution, Green energy and new technologies like electric vehicles, battery storage, Green hydrogen, etc.Contact: RECPDCLTel: 011-24369690Website: www.recpdcl.in