REC will be providing line of credit to the tune of ₹15,000 crore each to eight central public undertakings identified for the implementation of rooftop solar, among&nbsp;other private developers and vendors, amounting to a total credit of ₹120,000 crore.
"Today, in our board meeting, the board has authorised management of REC to issue a line of credit to central public sector undertakings which are going to act as renewable energy service company (for the scheme) to the tune of about ₹15,000 crore," Dewangan said. "There are eight CPSUS who are going to implement the solar rooftop. We are committed that we will be able to give LoC up to ₹120,000 crore for rooftop solar mission," he added.
Prime Minister Narendra Modi on Monday had announced the launch of Pradhan Mantri Suryodaya Yojana with an aim to install rooftop solar power systems at 10 million households across the country. The chairman said that the government is in the process of revising the National Rooftop Policy and will come out with the guidelines soon, adding that the policy was already at bay.
REC, a 'maharatna' Central PSU, recorded recorded a 13.5% increase in its consolidated net profit for quarter under review at ₹3,308.42 crore from ₹2,915.33 crore in the same period last year.

REC to be nodal agency for PM's rooftop solar scheme

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