REC
India signs two loan agreements with KfW Group for power sector
- Dec 24, 2021
In two separate developments, German financial institution KfW Group will be providing loans to support India’s development projects in the field of power T&D and renewable energy. The first agreement was between Government of India and KfW for a Read more
IEX to resume REC trading after 16-month hiatus
- Nov 23, 2021
Indian Energy Exchange (IEX) in a release said that it would be resuming trading in renewable energy certificates (REC) effective Wednesday, November 24, 2021. The resumption in trading after a 16-month hiatus follows APTEL’s order dated November 9, 2021, Read more
Unsold RECs before impugned order of June 2020, now valid: CERC
- Nov 22, 2021
A recent order by Central Electricity Regulatory Commission (CERC) has said that renewable energy certificates (REC) affected by the Commission’s order of June 17, 2020, will now be considered valid. An order by CERC dated November Read more
AtmaNirbhar Package: PFC, REC lend Rs.85,000 crore to discoms, so far
- Sep 24, 2021
Power sector lending institutions Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have together disbursed around Rs.85,000 crore to discoms so far, under the AtmaNirbhar Package, a reliable media report said. In the second tranche, beginning January this Read more
PGCIL infuses fresh equity in EESL, raises stake significantly
- Sep 16, 2021
Power Grid Corporation of India Ltd (PGCIL), in a stock exchange filing, said that it has made a fresh equity infusion in its joint venture Energy Efficiency Services Ltd (EESL). The filing said that PGCIL has infused equity worth Read more
Bids invited for transmission system associated with Rajgarh SEZ in MP
- Sep 15, 2021
Nodal agency REC Power Development & Consultancy Ltd (RECPDCL) has invited bids for developing a transmission system associated with evacuation of electricity from upcoming renewable energy (RE) projects in the Rajgarh solar energy zone (SEZ), Madhya Pradesh. RECPDCL has Read more
PGCIL to increase equity stake in EESL, board approval in place
- Aug 12, 2021
The board of directors of Power Grid Corporation of India Ltd (PGCIL), in a meeting held on August 10, 2021, approved the infusion of fresh equity capital in its joint venture Energy Efficiency Services Ltd (EESL). In a stock Read more
Tata Power DDL achieves full RPO compliance, without purchase of RECs
- Aug 2, 2021
Tata Power Delhi Distribution Ltd (Tata Power DDL) has achieved 100 per cent compliance of its renewable purchase obligation (RPO), a statement by the power utility said. In a release, Tata Power DDL said that it sourced more than Read more
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