Gurgaon, April 22, 2025 — In a significant development in India’s power sector administration, Jitendra Srivastava, IAS, has formally assumed charge as the Chairman and Managing Director (CMD) of REC Limited, a key player in India’s energy financing ecosystem, on April 22, 2025. His appointment marks a new chapter for the Public Sector Undertaking (PSU), aligning with India’s ambitious energy transition goals and infrastructure expansion plans.
Appointment Backed by Cabinet Approval
The prestigious Appointments Committee of the Cabinet (ACC) approved Mr. Srivastava’s appointment on April 18, 2025. He now assumes the top position at REC Limited with the rank and pay equivalent to Additional Secretary to the Government of India, under the Ministry of Power. This selection not only underscores the trust reposed in his leadership by the highest levels of governance but also signals REC’s intent to strengthen its national impact in financing the power and energy value chain.
A Distinguished Bureaucratic Career Spanning Over Two Decades
An Indian Administrative Service (IAS) officer of the 2000 batch from the Bihar Cadre, Mr. Srivastava brings with him over 20 years of exemplary public service experience. Over the course of his career, he has handled diverse portfolios in both the Government of India and the Government of Bihar, contributing meaningfully to policy formulation, sectoral reforms, and efficient program implementation.
His leadership has been especially impactful in sectors including:
Public Health and Sanitation
Finance and Budgetary Management
Energy and Infrastructure Development
Home Affairs and Governance
Rural and Urban Development
Mr. Srivastava’s administrative prowess and on-ground insights have enabled him to bridge policy with execution—making him a natural choice to guide REC Limited as it navigates future challenges and opportunities in India’s power sector.
Leadership Roles That Shaped His Vision
Prior to taking over the reins at REC Limited, Mr. Srivastava served as Joint Secretary in the Department of Drinking Water & Sanitation, under the Ministry of Jal Shakti, beginning in January 2023. During his tenure, he led key initiatives aimed at achieving the ambitious Jal Jeevan Mission, playing a vital role in ensuring access to clean drinking water across rural India.
Before his central government posting, Mr. Srivastava served as Secretary in the Government of Bihar, overseeing departments such as:
The Home Department, where he contributed to public order and administrative efficiency.
The Public Health Engineering Department (PHED), where he focused on enhancing infrastructure for sanitation and clean water access.
His multifaceted leadership experience across both policy-making and grassroots implementation equips him to guide REC Limited with both macroeconomic vision and ground-level realism.
Academic Credentials that Blend Economics and Management
Mr. Srivastava’s academic background further strengthens his strategic and analytical abilities. He holds a Bachelor’s degree in Economics (Honors) from the prestigious Hansraj College, Delhi University, and an MBA in Finance from the Cochin University of Science and Technology. This rare blend of economic theory and financial management provides him with the insight needed to address the fiscal and strategic dimensions of India’s evolving energy landscape.
Steering REC Limited Toward India’s Energy Future
As the CMD of REC Limited, Mr. Srivastava is expected to play a central role in supporting India’s clean energy transition, facilitating financing for critical infrastructure, and enabling state and central utilities to meet growing electricity demands. With India committing to net-zero emissions by 2070, the importance of a well-capitalized and efficiently run REC cannot be overstated.
REC Limited, formerly known as Rural Electrification Corporation, is a Maharatna PSU under the Ministry of Power, tasked with providing financial assistance to power generation, transmission, distribution, and renewable energy projects. Under Mr. Srivastava’s leadership, the organization is poised to:
Expand funding for solar and wind projects.
Strengthen financial backing for Green Hydrogen and Battery Storage initiatives.
Assist in the electrification of rural and remote areas.
Innovate new financial instruments for sectoral growth.
Industry Reactions and Expectations
Senior officials in the Ministry of Power, as well as leaders from the financial and energy sectors, have welcomed Mr. Srivastava’s appointment. His entry is being seen as a strategic move to reinforce public sector leadership in a rapidly changing energy ecosystem.
According to sector analysts, “Jitendra Srivastava’s blend of grassroots administrative experience and high-level policy leadership is exactly what REC Limited needs as it scales to support India’s trillion-dollar energy economy.”
Looking Ahead: A Vision of Sustainable Growth
As India moves toward energy security, universal electricity access, and decarbonization, the importance of effective financial leadership in the power sector cannot be overstated. With Jitendra Srivastava at the helm, REC Limited is expected to evolve into an even more dynamic institution—channeling capital into high-impact projects while upholding governance, transparency, and social responsibility.
His appointment comes at a time when India’s electricity demand is surging, and renewable energy investments are at an all-time high. Mr. Srivastava’s leadership will likely focus on enabling REC to:
Attract domestic and international investment.
Collaborate with private players.
Support emerging technologies in energy storage and digital grid management.
With a clear roadmap and proven leadership at the top, REC Limited’s future looks brighter than ever under Jitendra Srivastava.
