rec-limited

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REC Approves ₹60.7 Billion to Greenko for 1.4 GW Pumped Storage Project

Public infrastructure finance company REC Limited has approved a funding of ₹60.75 billion (~$730.8 million) to Greenko to develop a 1,440 MW standalone pumped storage...

September 18, 2023

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Arjun Joshi

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Other

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Renewable Energy
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REC Raises $1.25 Billion to Finance Power Infrastructure & Logistics Projects

REC Limited, a public infrastructure finance company, has raised $1.25 billion in August and September 2023 from a consortium of six banks and through a Foreign Currency...

September 6, 2023

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Satish Shetty

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Finance and M&A

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Other
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REC Issues Tender for 100 MW ISTS-Connected Wind Projects

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC Limited, has issued a request for selection (RfS) of wind project developers for...

July 31, 2023

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Satish Shetty

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Other

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Tenders and Auctions
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Daily News Wrap-Up: Avaada, NTPC, Adani Green Top Utility-Scale Solar Developers

Avaada Energy, NTPC Renewable Energy, Adani Green Energy, Tata Power Renewables, and Azure Power emerged as the top utility-scale solar project developers in the...

May 19, 2023

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Mercom India

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Daily Wrap-up
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Daily News Wrap-Up: Union Budget 2023 Focuses on Green Energy Transition

The Union Finance Minister Nirmala Sitharaman laid out an expansive budgetary outlay for expediting green transition as she identified ‘Green Growth’ as one of the seven...

February 2, 2023

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Mercom India

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Daily Wrap-up
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REC Limited’s Subsidiary Floats 1.25 GW ISTS-Connected Solar Projects Tender

REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC Limited, has invited bids to set up 1,250 MW of interstate transmission system...

December 5, 2022

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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REC to Drive India’s Transition to Net Zero as a Development Financial Institution

REC Limited, a public infrastructure finance company under the Ministry of Power, is being considered to be given the status of a development financial institution (DFI)...

September 19, 2022

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Gourav Mishra

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Finance and M&A

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Other

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Renewable Energy
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REC Limited Posts Annual Profit of ₹100 Billion, its Highest-Ever

REC Limited, a public infrastructure finance company, reported a total income of ₹392.30 billion (~$5.05 billion) for the financial year (FY) 2022, an 11% increase...

May 17, 2022

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Satish Shetty

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Markets & Policy

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Solar
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REC Limited Subsidiary Issues Consultancy Tender for a Floating Solar Project in Delhi

REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has invited bids to select a consultant for providing consultancy...

February 21, 2022

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Loans Provided to Renewable Energy Sector by REC Limited Up 10% YoY in Q3 FY22

REC Limited, a public infrastructure finance company involved in financing power projects, disbursed ₹4.7 billion (~$62.93 million) in loans to the renewable energy...

February 7, 2022

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Harsh Shukla

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Finance and M&A

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Other
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REC Limited Raises $1.175 Billion to Provide Low-Cost Financing for Power Projects

REC Limited, a public infrastructure finance company, involved in financing power projects, has raised $1.175 billion (~₹82.45 billion) from a consortium of seven banks...

January 14, 2022

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Rakesh Ranjan

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Finance and M&A

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Other
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REC Limited to Avail a Loan of $169.5 Million from KfW Bank to Finance Solar Projects

REC Limited, a public infrastructure finance company involved in financing power projects, has entered into an agreement with Germany-based KfW Development Bank to avail...

December 23, 2021

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Harsh Shukla

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Finance and M&A

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Solar
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REC Limited Loans ₹9.51 billion to Renewable Energy Sector in Q1 FY 2022, Up 55% QoQ

REC Limited has announced the financial results for the first quarter (Q1) of the financial year (FY) 2022. REC is an infrastructure finance company involved in...

August 9, 2021

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Rakesh Ranjan

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Other

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Renewable Energy
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Daily News Wrap-Up: REC Limited Raises $500 Million Through Dollar Bond Issue

Here are some noteworthy cleantech announcements of the day from around the world: State-run rural electrification company REC Limited has raised $500 million through a...

February 25, 2021

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Harsh Shukla

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Other

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Renewable Energy
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DISCOM Dues to Renewable Generators Reach ₹121 Billion in December 2020

Distribution companies (DISCOMs) owed nearly ₹121.12 billion (~$1.65 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 380...

February 4, 2021

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Rakesh Ranjan

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Grid

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Market & Policy

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