National Investment and Infrastructure Fund (NIIF), a collaborative investment platform anchored by the Government of India, has signed an agreement with REC Ltd. (formerly Rural Electrification Corp.), an entity owned by the Ministry of Power that finances and promotes power projects across the country.
Under this collaboration, NIIF and REC will jointly assess and participate in large-scale infrastructure projects in India, working together to explore synergies between REC and NIIF’s infrastructure debt financing platforms — NIIF Infrastructure Finance and Aseem Infrastructure Finance. According to NIIF, the partnership aims to create a robust financing platform, focusing on renewable energy and other crucial sectors.
NIIF invests across asset classes such as infrastructure, private equity and other diversified sectors in India. The platform manages about $5 billion of equity capital commitments across its four funds: Master Fund, Private Markets Fund, Strategic