REC
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
REC signs MoU with EPIC India to improve discom performance
- Mar 17, 2022
The Energy Policy Institute at the University of Chicago (EPIC India) has signed an MoU with REC Ltd and REC Power Development and Consultancy Ltd (RECPDCL) to enable an evidence-based approach to improve the electricity distribution utility performance Read more
IEX records 29 per cent year-on-year volume growth in February 2022
- Mar 3, 2022
Indian Energy Exchange (IEX) achieved 8,760 MU volume in February 2022 comprising 7,695 MU in the conventional power market, 453 MU in the green power market and 612 MU in the REC Market. Overall, IEX achieved 29 per Read more
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