REC Power Distribution Company Limited
REC Power Distribution Company Limited (REC PDCL) is wholly owned subsidiary of REC Ltd., a 'Navratna' CPSE under Ministry of Power, was incorporated with specific focus on developing and investing in electricity distribution and its related activities. It received certificate of commencement of business on July 31st,2007.
The objective of setting up of RECPDCL was to capitalize on opportunities offered through the provisions of Section 4 and Section 5 of the Electricity Act, 2003. This Act, aims at opening up the electrification sector to various private players while exempting them from holding a license for distribution and retail supply. The main objectives of the Company, as set out in the Memorandum of Association, are as follows:
To promote, develop, construct, own, operate, distribute and maintain 66 KV and below voltage class Electrification/Distribution Electric supply lines/distribution system.
To promote, develop, construct, own and manage Decentralized Distributed Generation (DDG) and associated distribution system.
Consultancy/execution of works in the above areas for other agencies/Govt. bodies in India and abroad.See more