TAG: " REC Limited"

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Chandra Sekhar Sakhamuri Appointed as Executive Director of REC Ltd.

Chandra Sekhar Sakhamuri, an IAS officer, has been appointed as the Executive Director of REC Ltd. With a background in Computer Science and Engineering and International Business, he previously served as the Director of Sericulture in Salem, Tamil Nadu.

REC Limited | January 15, 2025 | By EI News Network |  616

REC’s Renewable Energy Loan Disbursements Surged 58.09 Percent to INR 6314 Cr in Q3 FY25

For 9 months (Q1-Q3) FY24-25, REC disbursed total loans amounting to INR 1,45,647 crore, which is higher by 19.30 percent compared to INR 1,22,089 crore disbursed in the corresponding period of FY23-24.

REC Limited | January 06, 2025 | By Mrinmoy Dey |  483

ACME Secures INR 3753 Crore Loan from REC for 320 MW FDRE Projects in Gujarat and Rajasthan

ACME Sun Power Pvt. Ltd., a subsidiary of ACME Solar Holdings, has secured INR 3,753 crore financing from REC Ltd. for 320 MW Firm and Dispatchable Renewable Energy projects in Rajasthan and Gujarat, advancing India's green energy transition.

REC Limited | November 18, 2024 | By Mrinmoy Dey |  699

Tata Power Acquires Project SPV ERES-XXXIX from REC Power Development and Consultancy

Tata Power has received a Letter of Intent from REC Power Development and Consultancy Ltd. to acquire ERES-XXXIX Power Transmission Ltd., a project special purpose vehicle, for providing transmission services over 35 years, with annual transmission charges of INR 289.729 crore.

REC Limited | October 18, 2024 | By Mrinmoy Dey |  709

REC Inks 3 Lakh Cr MoU with Rajasthan Government to Finance Power and Non-Power Infra Projects

REC has signed a MoU with the Government of Rajasthan to provide INR 50,000 crore annually till 2030 to finance projects across power and non-power infrastructure in the state.

REC Limited | October 03, 2024 | By Mrinmoy Dey |  1134

REC Raises USD 500 Million Via 5-Year Green Bonds

REC Ltd. has raised USD 500 million through Green Bonds. Bond proceeds will be used to finance green projects in accordance with REC’s Green Finance Framework.

REC Limited | September 30, 2024 | By Mrinmoy Dey |  798

Ocior Energy and REC Limited Sign MoU for INR 10,000 Cr Green Hydrogen Project in Odisha

Ocior has also signed a pre-offtake agreement for 100,000 TPY of Green Ammonia with Ameropa, a Swiss trader, and has obtained all basic approvals from the Odisha government.

REC Limited | September 27, 2024 | By News Bureau |  1439

Verification of DCR Undertaking Must for Inspection Approval by Discoms in PM Surya Ghar Yojana: REC

REC, the nodal agency for the implementation of PM Surya Ghar Muft Bijli Yojana, has notified the Discoms about the new checklist for the approval of inspection report in the National portal including the DCR Undertaking.

REC Limited | September 25, 2024 | By Mrinmoy Dey |  1827

REC Inks MoUs Worth INR 1.12 Lakh Crore with RE Developers at RE-INVEST 2024

At the recently concluded 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) in Gandhinagar, Gujarat, REC has signed MoUs with various renewable energy developers totalling investments of about INR 1.12 lakh crore.

REC Limited | September 20, 2024 | By Mrinmoy Dey |  860

Sunsure Energy Signs MoU with REC Limited to Develop Green Energy Projects

According to the MoU, REC Limited and Sunsure Energy have agreed to partner for debt financing of INR 10,000 crores to support the development of 3 GW of solar, wind, hybrid, and BESS projects, accelerating India's transition to green power.

REC Limited | September 18, 2024 | By News Bureau |  1357

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