REC
PFC, REC further slash lending rates across all loans
- Jan 19, 2022
Power Finance Corporation (PFC) as well as REC Ltd have further reduced their lending rates, across all types of loans. An official release noted that PFC and REC have reduced their lending rates by 40 bps (0.4 percentage points) Read more
IEX trading volume clocks 24 per cent y-o-y growth in December 2021
- Jan 6, 2022
Overall trading volumes on Indian Energy Exchange (IEX) recorded a 24 per cent year-on-year growth in December 2021, at 9,035 million kwh (million units or MU). This total cleared volume comprises – conventional power market (7,285 MU), green power Read more
India signs two loan agreements with KfW Group for power sector
- Dec 24, 2021
In two separate developments, German financial institution KfW Group will be providing loans to support India’s development projects in the field of power T&D and renewable energy. The first agreement was between Government of India and KfW for a Read more
IEX to resume REC trading after 16-month hiatus
- Nov 23, 2021
Indian Energy Exchange (IEX) in a release said that it would be resuming trading in renewable energy certificates (REC) effective Wednesday, November 24, 2021. The resumption in trading after a 16-month hiatus follows APTEL’s order dated November 9, 2021, Read more
Unsold RECs before impugned order of June 2020, now valid: CERC
- Nov 22, 2021
A recent order by Central Electricity Regulatory Commission (CERC) has said that renewable energy certificates (REC) affected by the Commission’s order of June 17, 2020, will now be considered valid. An order by CERC dated November Read more
AtmaNirbhar Package: PFC, REC lend Rs.85,000 crore to discoms, so far
- Sep 24, 2021
Power sector lending institutions Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have together disbursed around Rs.85,000 crore to discoms so far, under the AtmaNirbhar Package, a reliable media report said. In the second tranche, beginning January this Read more
PGCIL infuses fresh equity in EESL, raises stake significantly
- Sep 16, 2021
Power Grid Corporation of India Ltd (PGCIL), in a stock exchange filing, said that it has made a fresh equity infusion in its joint venture Energy Efficiency Services Ltd (EESL). The filing said that PGCIL has infused equity worth Read more
Bids invited for transmission system associated with Rajgarh SEZ in MP
- Sep 15, 2021
Nodal agency REC Power Development & Consultancy Ltd (RECPDCL) has invited bids for developing a transmission system associated with evacuation of electricity from upcoming renewable energy (RE) projects in the Rajgarh solar energy zone (SEZ), Madhya Pradesh. RECPDCL has Read more
PGCIL to increase equity stake in EESL, board approval in place
- Aug 12, 2021
The board of directors of Power Grid Corporation of India Ltd (PGCIL), in a meeting held on August 10, 2021, approved the infusion of fresh equity capital in its joint venture Energy Efficiency Services Ltd (EESL). In a stock Read more
Tata Power DDL achieves full RPO compliance, without purchase of RECs
- Aug 2, 2021
Tata Power Delhi Distribution Ltd (Tata Power DDL) has achieved 100 per cent compliance of its renewable purchase obligation (RPO), a statement by the power utility said. In a release, Tata Power DDL said that it sourced more than Read more