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REC Commits Rs 5,000 Crore to Boost Renewable Energy Development in Tripura Through TREDA Partnership

REC Ltd. has signed a Memorandum of Understanding (MoU) with the Tripura Renewable Energy Development Agency (TREDA), through the Department of Power, Government of Tripura, to provide financial assistance of up to Rs 5,000 crore for renewable energy projects across the state. The agreement was formalized during the Destination Tripura Business Conclave 2026, underscoring efforts to accelerate clean energy investments and strengthen the renewable energy ecosystem in Northeast India.

The MoU was signed by Subhendu Roy, Chief Program Manager, REC Regional Office, Guwahati, and D.S. Das, Director General (In-charge), TREDA, in the presence of senior officials from both organizations. Under the partnership, TREDA will identify and facilitate the implementation of renewable energy projects, while REC will provide long-term financial support to enable project development and infrastructure expansion.

As Tripura's designated nodal agency for renewable energy, TREDA plays a key role in promoting the deployment of solar, biomass, and other clean energy technologies across the state. The financial support from REC is expected to improve access to capital for renewable energy developers, accelerate project execution, and encourage investments in sustainable power infrastructure that can enhance energy security and reduce dependence on conventional fossil fuels.

The collaboration aligns with India's broader objective of expanding renewable energy capacity while ensuring balanced regional development. Northeastern states possess considerable untapped renewable energy potential, particularly in distributed solar, biomass, and small hydropower. Increased investment in clean energy infrastructure can help improve electricity access, strengthen grid reliability in remote regions, and support local economic growth through new employment and business opportunities.

REC Ltd., a Maharatna Central Public Sector Enterprise under the Ministry of Power, has been playing an increasingly significant role in financing India's energy transition. In addition to funding conventional power infrastructure, the company has expanded its lending portfolio to include renewable energy projects, battery energy storage systems, transmission networks, electric mobility, and other sustainable infrastructure initiatives. The latest agreement with TREDA reinforces REC's commitment to supporting India's clean energy ambitions while facilitating the development of renewable power projects in strategically important regions such as the Northeast.