(THE NEWSMAN OF INDIA.COM)
Vivek Kumar Dewangan, CMD, REC Ltd., participated in an insightful panel discussion on ‘Sustainable Finance—Public and Private Investment’ held as part of the ongoing Rising Rajasthan Summit in Jaipur today.

During the session, V K Dewangan emphasised the crucial role that sustainable financing has in achieving the nation’s climate goals. Elaborating on REC’s leadership in driving India’s energy transition, Sh. Dewangan highlighted that REC has set a target of attaining a green finance loan portfolio of Rs. 3 lakh crore by FY 2030. This target would increase the share of renewables from the current 8% to 30% by 2030.

CMR REC Dewangan also discussed the vast potential of Rajasthan, which is being boosted by REC through various projects. Recently, REC has signed an MoU with the Rajasthan government to finance Rs. 50,000 Cr annually till FY 2030 in a range of projects, including renewables and the non-power infrastructure sector in the state.