TAG: "REC "

News

Adyant Enersol Partners with REC for 500 MW RE Projects

Adyant Enersol, a subsidiary of Datta Infra, has signed an MoU with REC to secure financing of INR 1,500 crore for the development of 500 MW of renewable energy projects across India. The initiative aims to expand Datta Infra’s renewable portfolio by adding 2 GW nationwide.

REC | September 24, 2024 | By EI News Network | 719

IEX Sees Record Trading Volumes in May 2024

This surge was driven by a 21 percent YoY rise in electricity volumes, totaling 9,568 MU, and a 640.3 percent YoY increase in Renewable Energy Certificates (REC) trading, amounting to 1,055 MU.

REC | June 06, 2024 | By Abha Rustagi | 1173

Indian Energy Exchange Reports Strong Financial Performance for Q4 FY 2024

Revenue for Q4 was INR 149.5 Cr, up 15.4 percent YoY, and PAT was INR 95.1 Cr, a 14.7 percent increase YoY.

REC | May 18, 2024 | By Abha Rustagi | 1456

REC Limited Receives RBI Nod for Wholly Owned Subsidiary in GIFT City

The proposed subsidiary aims to undertake various financial activities as a finance company within GIFT, encompassing lending, investment, and other financial services.

REC | May 06, 2024 | By Abha Rustagi | 755

REC Limited Secures Green Loan of JPY 60.5 Billion for Sustainable Projects in India

The green loan facility, enjoys an 80 percent guarantee by the Italian Export Credit Agency, SACE (Italy), under their innovative Push Strategy program.

REC | April 26, 2024 | By Abha Rustagi | 1549

REC Signs INR 1,869 Cr Agreement with CVPPPL for Kiru Hydro Electric Project in J&K

The agreement entails REC providing financial assistance amounting to INR 1,869.265 crores as a term loan to CVPPPL.

REC | April 25, 2024 | By Abha Rustagi | 1172

Indian Energy Exchange Trades 110 BU of Electricity in FY'24

In FY'24, IEX achieved a milestone by recording 110 billion units (BU) of electricity traded, marking a substantial increase of 13.8 percent compared to the previous fiscal year.

REC | April 05, 2024 | By Abha Rustagi | 1940

REC Limited Hosts Workshop to Introduce Integrated Web Platform for Power Sector Distribution Schemes

Addressing the participants, Executive Director (Project Management Division), Rahul Dwivedi, emphasized the platform's significance in tracking progress at every stage of the process.

REC | February 23, 2024 | By Abha Rustagi | 1601

REC Limited Receives 'Innovative Technology Development Award' for Rooftop Solar Plant Initiative

The award recognizes REC's outstanding CSR initiative of installing a 2 MW rooftop solar plant at IIT Madras.

REC | February 20, 2024 | By Abha Rustagi | 1192

PGCIL Assigned Implementation of Suryodaya Yojana in 8 States through RESCO Mode

PGCIL will oversee the implementation of Rooftop Solar Systems in small households in eight states, operating under the Renewable Energy Service Company (RESCO) mode.

REC | January 30, 2024 | By Abha Rustagi | 1944