Power Ministry Accelerates PFC-REC Merger with New Committees
New Delhi– The Ministry of Power is speeding up the Power Financing Corporation (PFC) and Country Electrification Corporation (REC) merger, creating boards to manage the process.
- A high-level committee, led by the Joint Secretary (Distribution), will check progression and fulfill weekly.
- A three-member functioning team, headed by the Director (Circulation), will certainly examine merger modalities.
- The working team will certainly resolve employees and technology integration, business restructuring, and stakeholder interests.
- The merging goes for improved performance and synergy in the power market.