P Uma Shankar, Secretary, Ministry of Power, Government of India and Rajeev Sharma, Chairman & Managing Director, Rural Electrification Corporation Limited (REC Limited) signed MoU, on 23/03/2012 for the financial year 2012-13 in the presence of Shri Ashok Lavasa, Additional Secretary, Shri Devender Singh, Joint Secretary and other senior officials of Ministry of Power and REC Limited. REC performance was rated as 'Excellent ' by the Department of Public Enterprises (DPE) for the 18th year in succession for 2010-11 since it signed its first MoU in the year 1993-94.