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PIB Summary- 26th January, 2024 | Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC PDF Download

REC Limited and National Investment and Infrastructure Fund Limited to Collaborate

Context
REC Limited and National Investment and Infrastructure Fund Limited to collaborate on funding solutions for renewable energy projects and large infra projects.

Details

  • REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and leading NBFC has signed an MoU with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy Projects as well as large-scale infrastructure projects in India.
  • REC Ltd:
    • REC is a Maharatna CPSE under the Ministry of Power registered with RBI as a Non-Banking Finance Company (NBFC).
    • It is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pumped Storage projects, Green Hydrogen and Green Ammonia projects. 
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FAQs on PIB Summary- 26th January, 2024 - Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC

1. What is the collaboration between REC Limited and National Investment and Infrastructure Fund Limited?
Ans. The collaboration between REC Limited and National Investment and Infrastructure Fund Limited aims to work together on various infrastructure projects and initiatives.
2. What is the role of REC Limited in this collaboration?
Ans. REC Limited is collaborating with National Investment and Infrastructure Fund Limited to provide financial assistance and support for infrastructure projects.
3. How will this collaboration benefit infrastructure development in India?
Ans. This collaboration is expected to enhance the funding and implementation of infrastructure projects in India, leading to improved infrastructure development across the country.
4. What is the significance of National Investment and Infrastructure Fund Limited in this collaboration?
Ans. National Investment and Infrastructure Fund Limited is a government-owned investment fund that focuses on financing and promoting infrastructure projects in India. Its involvement in this collaboration will help mobilize funds and expertise for infrastructure development.
5. Are there any specific sectors or areas of focus for this collaboration?
Ans. The article does not provide specific information about the sectors or areas of focus for this collaboration between REC Limited and National Investment and Infrastructure Fund Limited. Further details may be available from official sources or announcements.
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