Under this agreement, REC intends to finance Rs 183.60 billion in the PSP segment in Kerala over the next five years. The MoU was exchanged by Saurabh Rastogi, Executive Director, REC, and Dinesh Kumar, Joint Director, EMC, during the summit. The signing took place in the presence of KR Jyothilal, IAS, Additional Chief Secretary (Power), Government of Kerala; Shri M. Udaya Kumar, CPM, REC, Kerala, along with other dignitaries from EMC and the Kerala government.

The Government of Kerala is organising the Global Green Hydrogen & Renewable Energy Summit in Kochi on March 12-13, 2025. The event is supported by the Kerala State Electricity Board (KSEB) and the Energy Management Centre (EMC). The Energy Management Centre is an autonomous organisation under the Department of Power, Government of Kerala.