REC to finance Pump Storage Projects in Kerala

REC Limited has signed ₹18,360 cr MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala over the next five years.

REC Limited signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala. The MoU was signed during the Global Green Hydrogen & Renewable Energy Summit 2025.

Under this agreement, REC intends to finance ₹18,360 crore in the PSP segment in Kerala over the next five years. The MoU was exchanged by Saurabh Rastogi, Executive Director, REC and Dinesh Kumar, Joint Director, EMC during the summit. The signing took place in the presence of KR Jyothilal, IAS, Additional Chief Secretary (Power), Government of Kerala; M. Udaya Kumar, CPM, REC, Kerala along with other dignitaries from EMC and the Kerala government.

The Government of Kerala is organising the Global Green Hydrogen & Renewable Energy Summit in Kochi on March 12-13, 2025. The event is supported by the Kerala State Electricity Board (KSEB) and the Energy Management Centre (EMC). The Energy Management Centre is an autonomous organisation under the Department of Power, Government of Kerala.