TAG: "REC Ltd"

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RECDCL Hands Over 2 SPVs to Evacuate 3.5 GW RE Power from Rajasthan

REC Power Development and Consulting Ltd. has transferred two project-specific SPVs, Rajasthan IV 4A and 4B Power Transmission Ltd., to Power Grid Corporation of India Ltd. and Dineshchandra R. Agrawal Infracon Pvt. Ltd., respectively, for the evacuation of 3.5 GW RE power from Rajasthan Renewable Energy Zone.

REC Ltd | December 31, 2024 | By Mrinmoy Dey |  442

REC Forms SPV for Transmission of 1500 MW RE from Madhya Pradesh

REC Ltd. has established a new subsidiary, Rajgarh III Power Transmission Ltd., to develop the transmission system for evacuating power from 1500 MW renewable energy projects in the Rajgarh SEZ, Madhya Pradesh.

REC Ltd | December 26, 2024 | By Mrinmoy Dey |  458

Hygenco Enters into MoU with REC to Finance Green Ammonia Project in Gopalpur, Odisha

As part of the agreement, REC will fund up to USD 280 million for Hygenco’s green ammonia project in Gopalpur, Odisha. The MoU was formalised during the RE-INVEST 2024 in Gandhinagar, Gujarat.

REC Ltd | September 18, 2024 | By Mrinmoy Dey |  895

Jakson Green Partners with REC for Solar IPP Projects

Jakson Green has partnered with REC Ltd. to advance its solar IPP projects, significantly boosting renewable energy capacity. This collaboration will enhance India’s clean energy infrastructure, contribute to Net Zero goals, and support a sustainable, low-carbon future.

REC Ltd | September 17, 2024 | By EI News Network |  1109

Power Grid Acquires Bhadla-III Power Transmission for INR 6.42 Crore

Bhadla-III Power Transmission has been acquired by Power Grid pursuant to the company emerging as the successful bidder under Tariff Based Competitive Bidding.

REC Ltd | August 30, 2024 | By EI News Network |  726

REC Tenders for Legal Counsel on Adani's 150 MW Rajasthan Plant

REC Limited seeks bids for land due diligence and security documentation services for Adani Solar Energy’s 150 MW solar power project in Rajasthan. Submit proposals by August 7, 2024, via the REC e-portal.

REC Ltd | August 05, 2024 | By EI News Network |  968

Union Minister Manohar Lal Inaugurates NFMS Control Centre at REC's Headquarters

Union Minister Manohar Lal inaugurated the NFMS Control Centre at REC Limited’s 55th Foundation Day to enhance power supply monitoring for 2.5 lakh feeders and participated in the ‘Ek Ped Maa Ke Naam’ tree-planting campaign.

REC Ltd | July 26, 2024 | By EI News Network |  1109

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 Ltd | May 06, 2024 | By Abha Rustagi |  756

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 Ltd | April 26, 2024 | By Abha Rustagi |  1550

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 Ltd | April 25, 2024 | By Abha Rustagi |  1175

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