New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    REC Power Development and Consultancy Limited (RECPDCL),

    a wholly owned subsidiary of REC Limited, has inked a Memorandum of Understanding (MoU) with the Government of Gujarat for _______ for the implementation of the Smart Metering project in PGVCL under Phase 1 of Revamped Distribution Sector Scheme (RDSS).
    A Rs.1892.51 crore Correct Answer Incorrect Answer
    B Rs.1940.84 crore Correct Answer Incorrect Answer
    C Rs.2094.28 crore Correct Answer Incorrect Answer
    D Rs.2560.33 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has inked a Memorandum of Understanding (MoU) with the Government of Gujarat for Rs. 2,094.28 Crores for the implementation of the Smart Metering project in PGVCL (Paschim Gujarat Vij Company Ltd.) under Phase 1 of Revamped Distribution Sector Scheme (RDSS). In the strategic collaboration, the Government of Gujarat is set to facilitate RECPDCL in obtaining necessary permissions and clearances for their upcoming projects in the state. The MoU outlines a time-bound framework to streamline the establishment of RECPDCL’s projects in Gujarat.

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