REC
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
IEX sees 5 per cent trading volume growth in June 2020
- Jul 6, 2020
The electricity market at the Indian Energy Exchange (IEX) witnessed a total trade of 4,790 MU (million units or million kwh) in June 2020 recording a 5 per cent year-on-year increase. This was despite the national peak demand Read more
Mixed impact of REC floor price removal, feels ICRA
- Jun 25, 2020
ICRA feels that reduction in REC prices will negatively impact REC-registered projects while it is a positive for obligated entities like discoms. Central Electricity Regulatory Commission (CERC) vide its order dated June 17, 2020 reduced the forbearance prices and Read more
REC approves seven SPVs for power transmission projects
- Apr 15, 2020
The Board of Directors of REC Ltd in its meeting held on March 25, 2020 inter-alia approved the proposal for incorporation of seven project specific special purpose vehicles (SPVs). These SPVs will be incorporated as wholly-owned subsidiaries of REC Read more
Share of power T&D inches up in PFC’s loan book
- May 29, 2019
The share of power transmission and distribution (T&D) projects in the overall loan book of Power Finance Corporation Ltd (PFC) has risen to 28 per cent as of March 31, 2019 from 24 per cent as of March Read more
REC acquisition will boost PFC’s power T&D portfolio
- Feb 18, 2019
The acquisition of Rural Electrification Corporation (REC) by Power Finance Corporation (PFC) will boost the latter’s power T&D portfolio, according to Rajeev Sharma, CMD, Power Finance Corporation Ltd. Sharma was addressing a media conference in Mumbai on the Read more
REC transfers Jawaharpur shell company to PGCIL
- Dec 24, 2018
The entire shareholding of REC Transmission Projects Co Ltd (a wholly-owned subsidiary of Rural Electrification Corporation) in Jawaharpur Firozabad Transmission Ltd comprising of 50,000 equity shares have been transferred along with all its assets and liabilities on December Read more