REC

Key APTEL Order Overturns CERC On REC Pricing

In an order that will have a major impact on the return of REC trading and pricing, the Appellate Tribunal For Electricity (APTEL) has set aside the order of the Central Electricity Regulatory Commission (CERC) with regards to pricing of REC’s. The root of the issue was the decision by CERC to set the floor […]

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Electricity Market at IEX Records All-time High Volume of 8248.52 MU in March 2021

The electricity market at IEX achieved an all-time high volume of 8248.52 MU in the month of March 2021 Spurred by the increasing demand for electricity across the various States, the electricity market at Indian Energy Exchange (IEX) achieved an all-time high volume of 8248.52 MU in the month of March 2021 surpassing all the […]

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State NBFCs – PFC & REC Reduce Lending Rates by up to 2 Percentage Points

State-owned non-banking financial corporations Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021. “PFC and REC as group companies have been aligning operations to realise synergies. As part of such effort, PFC and REC have now decided together to reduce lending rates up to two percentage points,” PFC said in a statement. […]

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REC Seeking Bid Assistance for Participating in Solar Tender in Karnataka

RECPDCL, a REC subsidiary, is seeking bid assistance for participating in a tender for setting up ISTS-connected solar projects in Karnataka REC Power Distribution Company Limited (RECPDCL), a wholly-owned subsidiary of REC, has issued a tender, inviting bids from its empaneled agencies, for providing bid assistance to the firm as it intends to participate in […]

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RECs Trading to Resume on Nov 25, After 4 Month Break

APTEL has concluded all its hearings on the REC pricing issue, and the trading of RECs is likely to resume after a gap of four months on November 25. Now that the Appellate Tribunal for Electricity (APTEL) has concluded all its hearings on the REC pricing issue, and is probably on the verge of issuing […]

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REC Tenders for Solar Street Lights in Rural and Tribal Areas of Nashik

REC has tendered for the procurement and installation of 1650 solar street lights in the rural and tribal areas of Nashik district of Maharashtra. The Rural Electrification Corporation (REC) through its REC Foundation has issued tender for the engagement of PMA/ implementing agency for the procurement and installation of 1650 solar street lights in the […]

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IIM-Tiruchi’s 2 MW Solar Plant Rings in Savings For Institute

The Indian Institute of Management, Tiruchirapalli (Tiruchi) inaugurated its 2 MW solar plant early this month. With this, the country’s 11th IIM became the first to have such a large scale solar plant to power its campus. Started in 2011, IIM-Tiruchi took support from the Rural Electrification Corporation Limited (REC) by securing a ₹ 14.2 […]

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Ministry of Power to set up Rs 2000 Cr JV to Ease Smart Meter Rollouts

Ministry of Power has begun the process to set up a Rs 2,000 crore JV for providing a CBIF to power Discoms for faster roll-out of smart meters in the country The Ministry of Power has begun the process to set up a Rs 2,000 crore joint venture (JV) for providing a common backend infrastructure […]

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