Powering Viksit Bharat 2047
New Delhi: Sh. Rajesh Kumar, Director (Finance), REC Ltd., chaired the session on “Financing the Transmission Imperative” at the National Conference on Power Transmission organised by India Energy Forum on 29 May 2026 in New Delhi. The session featured eminent industry leaders and sectoral experts including Balwant Joshi, MD, Idam Infrastructure Advisory, Akshay Hiranandani, CEO, Serentica Renewables, Sushant Kansal, VP, NAFBID and Satyan Kumar, VP, Sekura.
Emphasising that transmission is the backbone of India’s energy transition, Sh. Kumar spoke on the need for long-term, affordable capital at scale. He further highlighted REC and PFC’s pioneering role in absorbing construction-phase risks in transmission projects and underscored the potential of state transmission asset monetisation through InvITs to unlock and recycle equity for fresh investments.
REC sanctioned over ₹24,000 crore in transmission financing last fiscal year, while RECPDCL has facilitated projects worth over ₹2 lakh crore through the TBCB route.
Sh. Rajesh Kumar concluded the session by reiterating
“Transmission is not just utility infrastructure. It is nation-building infrastructure for Viksit Bharat.”