REC
“KPS1 Transmission Ltd” transferred to Megha Engineering
- Apr 21, 2023
Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has transferred the project SPV “KPS1 Transmission Ltd” to the successful developer Megha Engineering & Infrastructures Ltd (MEIL). In a stock exchange notice, REC Ltd, the holding company of Read more
IEX achieves highest monthly volume of FY23 in January
- Feb 7, 2023
Indian Energy Exchange (IEX) achieved 8,639 million kwh (million units or MU) of total volume in January 2023 that was the highest in any month in fiscal year FY23, so far. In an official release, IEX said that the Read more
REC signs MoUs with UP, MP for power sector funding
- Jan 16, 2023
REC Ltd has signed non-binding MoUs with the governments of Uttar Pradesh and Madhya Pradesh to provide major financial assistance to power sector initiatives in these two states. The total financial assistance envisaged in these MoUs is to the Read more
IEX sees 4 per cent growth in December 2022 electricity volume
- Jan 3, 2023
The total electricity volume traded on Indian Energy Exchange (IEX) during December 2022 was 4 per cent higher than in December 2021, a release from IEX said. IEX achieved 8,452 MU of total volume in December 2022 that included Read more
Centre rejects proposal of REC takeover by PGCIL
- Sep 27, 2022
The Union Government has rejected the proposal of REC’s takeover by Power Grid Corporation of India Ltd (PGCIL), according to reliable media reports. The Union power ministry held at meeting on September 26, 2022, to discuss the proposal and Read more
REC gets “Maharatna” status
- Sep 22, 2022
REC Ltd, in a regulatory filing, announced that the company has been granted “Maharatna” status. The company, a subsidiary of Power Finance Corporation, was already equipped with “Navratna” status. The regulatory filing said that based on its financial and Read more
Bihar signs agreement with REC for power distribution revamp
- Sep 15, 2022
Bihar State Power Holding Company Ltd (BSPHCL) recently signed an agreement with REC Ltd to improve operational efficiencies of the state’s power discoms and to cut AT&C losses. Accordingly, Bihar state discoms will receive financial assistance as part of Read more
IEX witnesses marginal year-on-year decline in trading volume
- Aug 4, 2022
Indian Energy Exchange (IEX) witnessed a marginal year-on-year decline in trading volumes in July 2022, across all market segments. In a release, IEX said that it achieved 7,151 MU volume in July 2022 comprising 6,088 MU in the conventional Read more
Ladakh to get projects worth Rs.1,172 crore under RDSS
- Aug 2, 2022
The Union Territory of Ladakh is set to get projects worth Rs.1,172 crore under the Revamped Distribution Sector Scheme (RDSS), reliable media reports suggest. Of the Rs.1,172.12 crore worth of projects, around Rs.144.60 crore has been proposed for loss Read more
ReNew Transmission Ventures wins its second TBCB scheme
- Mar 22, 2022
ReNew Transmission Ventures has won a transmission scheme in Karnataka under the tariff-based competitive bidding (TBCB) mechanism. This is the second TBCB win for ReNew, following the Koppal-Narendra transmission project in December 2021. In Read more