REC
Power minister releases report on key regulatory parameters of discoms
- Jul 26, 2021
As part of the ongoing “Azadi ka Amrit Mahotsav”, to celebrate the 75thAnniversary of Indian Independence, the Union power minister R.K. Singh recently launched a report on “Key Regulatory Parameters of Power Utilities.” According to a government release, the Read more
Adani, Torrent express interest in SEUPPTCL takeover
- Mar 30, 2021
The potential takeover of financially-ailing independent power transmission company South East UP Power Transmission Co Ltd (SEUPPTCL) has attracted expressions of interest from leading names like Adani Group and Torrent Power. SEUPPTCL is undergoing corporate insolvency resolution process under Read more
PFC, REC sign loan agreement for Bhutan hydropower project
- Mar 11, 2021
Power Finance Corporation Ltd. (PFC) along with REC Ltd signed a Memorandum of Understanding (MoU) with Kholongchhu Hydro Energy Ltd (KHEL) for extending a term loan of Rs.4,058 crore for the 600-mw hydropower project at Trashi Yangtse, Bhutan. The Read more
PGCIL wins two TBCB projects, both for green energy evacuation
- Jan 30, 2021
Power Grid Corporation of India (PGCIL) has been declared as the successful bidder for two transmission schemes, under the tariff-based competitive bidding (TBCB) mode. In a stock exchange filing, PGCIL said both the projects involve evacuation of power from Read more
SJVNL attains financial closure for Buxar thermal project
- Nov 28, 2020
SJVN Ltd, in a stock exchange filing, had said that its Buxar thermal power project in Bihar has reached financial closure. The 1,320-mw Buxar thermal power project is being implemented by SJVN Thermal Pvt Ltd, a swholly-owned ubsidiary of Read more
Electricity trading volume on IEX jumps 76 per cent in October
- Nov 4, 2020
The volume of electricity traded on the Indian Energy Exchange (IEX) recorded a 76 per cent year-on-year increase in October 2020, a release by the exchange said. The national peak demand in the same period saw a 6 per Read more
Liquidity scheme for discoms gaining momentum, says report
- Oct 30, 2020
With sanctions totalling Rs.1.14 trillion and application for a further Rs.157 billion (under UDAY limit relaxation) by Chhattisgarh, Jharkhand and Uttar Pradesh, the total applications under the PFC/REC Aatmanirbhar Scheme to infuse liquidity into discoms touch Rs.1.3 trillion, Read more
Sterlite Power achieves financial closure for Vapi-North Lakhimpur Project
- Oct 21, 2020
Sterlite Power has achieved financial closure for its Vapi II North Lakhimpur Transmission Ltd (VNLTL) project, the company said in a release. The financial closure was achieved with Sterlite Power securing the debt funding of Rs.2070 crore from PFC Read more
Power ministry advises cap on late payment surcharge
- Aug 25, 2020
The power ministry has proposed to cap the late payment surcharge payable by discoms to 12 per cent per year. In order to alleviate the financial stress in the power system, all power generation and transmission companies have been Read more
Electricity trading on IEX records 11 pc growth in July
- Aug 6, 2020
The electricity market at the Indian Energy Exchange witnessed a total trade of 5,334 MU in July 2020. This volume was 11 per cent higher than in June 2020 but remained at par with those of July 2019. National Read more