RENEWABLE ENERGY CORPORATION
Kalpataru Power successfully commissions Alipurduar - Siliguri line
Kalpataru Power Transmission Ltd said its wholly owned subsidiary Alipurduar Transmission Ltd (ATL), has successfully connected Alipurduar-Siliguri Line with the interconnection facilities of the grid. In March 2019, Alipurduar Transmission Ltd had commissioned the Kishanganj - Darbhanga line.
REC Group asserts premium quality dominance by launching its ProTrust Warranty
The REC ProTrust Warranty includes a 25-year product warranty,...
Market Movers: Sunteck & Aster DM gain; Infy rises; smallcaps lead rally
IT major Infosys snapped a three-session losing streak and added ove...
9 firms to list commercial papers worth Rs 6,100 crore on BSE
After the process, the effective date of listing CPs with the exchange will be January 7.
Renewable energy certificate sales down 10 per cent to 5.04 lakh in December
IEX saw total trade of 3.6 lakh RECs in December as compared to 3.83 lakh in the same month last year.
Green certificate sales down 10 pc to 5.04 lakh in December
Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are engaged in trading of renewable energy certificates (RECs) and electricity. The trading of RECs is conducted on the last Wednesday of every month. But due to Christmas holiday, the trading this month was done on the last Thursday.
PFC and REC may extend loans with stricter riders to state power discoms
“The special loans by PFC and REC will have stricter performance norms like reducing commercial losses, bringing financial discipline, and implementing prepaid metering, besides state government guarantees, timely release of subsidies and timeframe for payment of government department dues,” the official said.
Maharashtra: MSEDCL claims loss due to solar rooftop
In its submission before Maharashtra Electricity Regulatory Commission (MERC), the discom said it has so far incurred a loss of Rs224 crore due to solar rooftop consumers.
Rajasthan: Solar policy high on charging stations, making equipment
For the first time in the country, Rajasthan government has made adoption of electric vehicles part of policy priority. It will provide land at 50% concessional rate of DLC for first 500 renewable energy-based EV charging stations.
BSE to conduct mock session for Bharat Bond ETF on Dec 11-12
Bharat Bond ETF would be the first corporate bond exchange-traded fund (ETF) in the country.
REC raises $500 million via unsecured notes
The net proceeds from the sale of the notes will be used for lending to the power sector.
Average spot power price drops 54% to two-year low at IEX
The decline in prices was mainly on account of low demand for power, improved coal supply and improved hydro power generation. The market continued to be attractive to both the distribution utilities as well as the open access consumers in terms of price competitiveness and flexibility in power procurement, the IEX added.
REC Q2 profit drops 24% to Rs 1,322 crore
Total income of the company rose to Rs 7,483.75 crore in the second quarter from Rs 6,246.05 crore in the same quarter of last year.
Adani Transmission acquires arm of REC Transmission Projects
The acquisition was made for an undisclosed amount.
Delhi's power discoms penalised by DERC for defaulting on green power obligations
The Delhi Electricity Regulatory Commission(DERC) in its order last month found default on the part of the three power discoms in meeting their RPO.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service