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We plan to increase RE share in portfolio to 30% by 2030: REC CMD

PM Modi's plan to slash electricity bills to benefit consumers, save environment

In an interview, PM Modi said he aims to slash electricity bills to zero by ensuring every household draws renewable power from rooftop solar panels.

rec share price: REC shares jump 7% powered by Modi's solar rooftop project

The company is aiming to install rooftop solar systems in 10 million households, Chairman and Managing Director Vivek Kumar Dewangan announced on Tuesday adding that in this major push towards renewable energy, REC will lend up to Rs 1.2 lakh crore for the installation of these rooftop solar panels.

Specialized task force formed to propel 'One Sun, One World, One Grid' initiative across Europe and Middle East: REC CMD Dewangan, ET EnergyWorld

Dewangan: The OSOWOG initiative was first proposed by Indian Prime Minister Narendra Modi in 2018, with the aim of providing a common grid to supply solar energy to around 140 countries.

REC going global with green hydrogen project in Oman, eyes South Asian markets, ET EnergyWorld

Green Hydrogen: The company sees an opportunity in financing green projects within the framework of the India-Middle East-Europe Economic Corridor (IMEC) and the One Sun, One World, One Grid (OSOWOG) initiative.