REC

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REC named nodal agency for rooftop solar initiative

    REC Ltd has been designated as the nodal agency for implementing the nationwide rooftop solar initiative, announced by the Prime Minister recently. The initiative called “Pradhan Mantri Suryoday Yojana” envisages the implementation of rooftop solar systems in 1 crore Read more

IEX records 17.5 per cent volume growth in November 2023

    Indian Energy Exchange (IEX) has achieved a 17.5 per cent year-on-year growth in overall volumes in November 2023. In a release, IEX said that it recorded an overall volume of 9,136 MU in Read more

NSGM Smart Meter | T&D India

Power distribution and RE dominate PFC’s loan book

  The loan book of Power Finance Corporation (PFC) in FY24 has been dominated by power distribution and renewable energy. According to information available from a recent investor conference, PFC’s loan book, as of September 30, 2023, stood at around Read more

Smart metering: A game-changer for power distribution sector, feels REC CMD

  The massive rollout of smart meters, as envisaged under the Revamped Distribution Sector Scheme (RDSS), will be a big game changer for the power distribution sector as also for electrical equipment contractors and service providers, according to Vivek Read more

Apraava Energy signs MoUs with REC and PFC for project funding

  Apraava Energy has signed MoUs with REC and PFC for financial assistance worth over Rs.9,000 crore. In a release, Apraava Energy said that this financial assistance, worth Rs.9,120 crore (around $1.1 billion) will be used develop Apraava’s wind, transmission Read more

REC board approves four SPVs for interstate transmission schemes

  The board of REC Ltd, in a recent meeting, has approved the creation of four subsidiaries that will act as special-purpose vehicles for developing interstate transmission schemes. In a stock exchange filing, REC Ltd said that these four entities Read more

“KPS1 Transmission Ltd” transferred to Megha Engineering

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

  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

  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

  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