INVC NEWS
Gurugram,
Vivek Kumar Dewangan, a 1993 batch Indian Administrative Service Officer of Manipur Cadre took charge as Chairman & Managing Director of REC Limited on 17th May, 2022.
Speaking on the occasion, Shri Dewangan said “REC is a corporation of national importance and has always been and shall continue to be the Government’s biggest partner in achieving India’s national and international goals. On the business front, there is a need to diversify further into green and sustainable technologies, as well as, newer geographies.”
Shri Dewangan holds a Bachelor of Engineering in Electronics from NIT, Bhopal and a postgraduate degree in Optoelectronics & Optical Communication from IIT, Delhi. Before his appointment in REC, he was serving as Additional Secretary in the Ministry of Power, Government of India.
During his illustrious career as IAS officer, he has held various administrative positions in the areas of Finance, Power / Energy, Petroleum & Natural Gas, Elections / Law & Justice, Commerce & Industries, Minister’s Office [Corporate Affairs / Agriculture & Food Processing Industries], Education / Human Resource Development, Sericulture / Agriculture & Cooperation, Economic Affairs, Economics & Statistics, Rural Development & Panchayati Raj, District Administration [Surguja & Raipur District in Chattisgarh and Senapati District in Manipur] and Revenue Administration.
Shri Vivek Kumar Dewangan is also the ex-officio Chairman of REC’s wholly-owned subsidiary REC Power Development and Consultancy Limited (formerly known as REC Power Distribution Company Limited).
About REC Limited: REC Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Limited has completed over fifty years in the area of its operations. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities. Its business activities involve financing projects in the complete power sector value chain; for various types of projects including Generation, Transmission, Distribution and Renewable Energy. REC’s funding illuminates every fourth bulb in India.
