REC Power Distribution Company Limited (REC PDCL), a wholly owned subsidiary of REC Ltd., a 'Navratna' CPSE under Ministry of Power, was incorporated with specific focus on developing and investing in electricity distribution and its related activities. It received certificate of commencement of business on July 31st,2007.
The objective of setting up of RECPDCL was to capitalize on opportunities offered through the provisions of Section 4 and Section 5 of the Electricity Act, 2003. This Act, aims at opening up the electrification sector to various private players while exempting them from holding a license for distribution and retail supply. The main objectives of the Company, as set out in the Memorandum of Association, are as follows:
Annual Report (2012-13)
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