In Short : REC Limited has signed a Memorandum of Understanding (MoU) with the Kerala government to develop pumped storage projects worth **Rs 18,360 crore**. These projects aim to enhance renewable energy storage and stabilize the power grid. The initiative aligns with India’s renewable energy goals and supports Kerala’s efforts to boost clean energy infrastructure […]
IEX reports 16% YoY growth in Jan electricity trade, REC market hits record high – EQ
In Short : Indian Energy Exchange (IEX) reported a 16% year-on-year growth in electricity trade for January, reflecting increased demand for power. Additionally, the Renewable Energy Certificate (REC) market reached a record high, driven by rising compliance and sustainability commitments. The surge highlights growing reliance on energy trading platforms and the expanding role of renewables […]
REC issue Tender for Setting up of Grid Connected 1 MW Ground Mounted Solar PV Plant with Arrangement of Land And STU Connectivity – EQ
REC issue Tender for Setting up of Grid Connected 1 MW Ground Mounted Solar PV Plant with Arrangement of Land And STU Connectivity For more information please see below link:
REC signs MoU with Govt. of Rajasthan for Rs. 3 Lac Crore – EQ
In Short : REC has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to invest ₹3 lakh crore in various energy projects. This partnership aims to enhance the state’s infrastructure and boost renewable energy initiatives, contributing to Rajasthan’s energy transition and supporting India’s broader sustainability goals. The investment is expected to create […]
REC Signs MoUs with Renewable Energy Firms for ₹1.12 Lakh Crore Projects – EQ
In Short : REC (Rural Electrification Corporation) has signed Memorandums of Understanding (MoUs) with various renewable energy companies to support projects worth ₹1.12 lakh crore. These agreements aim to accelerate the development of renewable energy projects, including solar, wind, and hybrid energy, and boost India’s green energy capacity. This initiative is part of REC’s efforts […]
Rural Electrification Corporation Limited Issue Tender for financing of Project Adani Solar Energy RJ Two Private Limited for setting up 150 MW Solar Power Plant at Jodhpur Rajasthan – EQ
Rural Electrification Corporation Limited Issue Tender for financing of Project Adani Solar Energy RJ Two Private Limited for setting up 150 MW Solar Power Plant at Jodhpur Rajasthan For more information please see below link:
REC Secures $200 Million Green Loan from Deutsche Bank – EQ
In Short : REC secures a $200 million green loan from Deutsche Bank. This funding will support REC’s renewable energy projects, promoting sustainable development and contributing to India’s green energy goals. In Detail : This facility marks the first successful collaboration between an Indian government entity and Deutsche Bank AG’s GIFT City branch, setting a […]
REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables – EQ
In Short : REC’s loan sanctions surged 24% to ₹1.12 lakh crore in Q1, with ₹40,000 crore allocated for renewable energy projects. This growth highlights REC’s focus on supporting India’s renewable energy sector and infrastructure development. In Detail : REC Ltd’s loan sanctions grew 24.17% to Rs 1.12 lakh crore in Q1 FY25, with Rs […]
REC plans to raise up to Rs 6,000 crore through two bonds – EQ
In Short : REC intends to raise up to Rs 6,000 crore through two bonds on Friday. This strategic move aims to secure capital for further expansion and investment opportunities, strengthening REC’s position in the energy finance sector. In Detail : The company has invited bids for the same on Friday. The NCDs have been […]
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat – EQ
In Short : REC has received approval from the RBI to establish a subsidiary in GIFT City, Gujarat. This move aligns with efforts to expand operations and investment opportunities in the region, fostering economic growth and development in Gujarat’s financial hub. In Detail : REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry […]
