With the green market still at a nascent stage, the REC market is positioned as a key instrument with huge relevance in the given scheme of things and an abrupt pause is really not an ideal solution for the market as well as its stakeholders The Central Electricity Regulatory Commission (CERC) introduced the Renewable Energy […]
Petition of the HERC (T&C for determination of tariff from Renewable Energy Sources, RPO and REC) Regulations, 2017
Petition under section 62 of the Electricity Act, 2003 and Regulation 7 of the Haryana Electricity Regulatory Commission (Terms and conditions for determination of tariff from Renewable Energy Sources, Renewable Purchase Obligation and Renewable Energy Certificate) Regulations, 2017 for determination of tariff for 100 per cent paddy straw based bio-mass power plant to be […]
PFC offers funding facility to discoms for timely payments of outstanding dues
In May, the government announced a Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from PFC and REC. State-owned Power Finance Corporation has introduced a facility for electricity distribution companies (discoms) to avail funds for paying their dues to power generation companies (gencos), a move that […]
Government of Andhra Pradesh Approves ₹900 Cr. to Pay NTPC Towards Letter of Credit
Government of Andhra Pradesh Approves ₹900 Cr. to Pay NTPC Towards Letter of Credit Power Subsidy – FY-2020- 21 – Payment Security Mechanism – Central Generating Station M/s.NTPC Ltd., – Sanction of an amount of Rs.900.00 Cr/- from Nov-2019 to Jan-2020 – Orders – Issued. For more information please see below link:
NTPC, REC may give privatisation push for UTs power distribution
As part of the Rs two lakh crore Atmanirbhar Bharat (self-reliant India) package, Finance Minister Nirmala Sitharaman also announced privatisation of distribution business in the country starting with union territories New Delhi: The Central government’s plan to privatise power distribution sector across the country starting with union territories (UT) has evinced interest from state-owned companies […]
PFC in talks with bankers for $750 million overseas bond issue
PFC had raised over $2 billion through similar overseas offerings in the previous fiscal year. Its last offering of $750 million was in January and attracted bids for four times the bonds on offer New Delhi: Power Finance Corporation (PFC) is in discussions with bankers to raise up to $750 million through an overseas bond […]
REC ties up with TajSATS to provide meals to frontline healthcare workers
State-owned shadow banking firm REC on Tuesday said that it has tied up with TajSATS to provide food to frontline health workers fighting the COVID-19 battle. REC (formerly known as Rural Electrification Corporation) is spearheading the mission to feed the medical staff in key government hospitals as well as poor daily wage labourers across the […]
REC Policy for Special Long-Term Transition Loan to DISCOMs for COVID 19
REC Policy for Special Long-Term Transition Loan to DISCOMs for COVID 19 For more information please see below link:
Govt-owned PFC accumulates NPAs of Rs 47,454 cr: IEEFA
Author and energy finance analyst Kashish Shah said the PFC and the REC have lent extensively to coal-fired power projects, with Rs 343,746 crore ($49bn), or 54 per cent of their total loan book, exposed to thermal power New Delhi: Government-owned Power Finance Corporation (PFC) has accumulated non-performing assets (NPAs) totalling Rs 47,454 crore ($6.8bn) […]
Renewable is as good as an IT industry for India
Renewable is as good as an IT industry for India: Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power Renewables He added that India is not taking advantage of it at the current level Ashish Khanna in a recently-held media video round-table by Tata Power Solar spoke to journalists about the company’s future plans, the […]