The net proceeds from the sale of the notes will be used for lending to the power sector. New Delhi: RECNSE -3.84 % n Friday said it has raised USD 500 million (about Rs 3,550 crore) by issuing unsecured notes, and the proceeds would be used for lending to power sector. “REC Ltd has issued […]
Spot Power Price Falls 20% In November
Average spot power price fell 20 percent to Rs 2.85 per unit in November as compared to the year-ago month, the Indian Energy Exchange said on Thursday. The average spot price or market price of electricity in November 2018 was 3.58 a unit, IEX said in a statement. “The day-ahead market traded 3,389 million units […]
In the Matter of: Determination of the Average Power Purchase Cost of the Respondents for each year
In the Matter of: Petition under Sections 86 (1) (a), (b), (e), (f) read with Sections 61 (h) and 62 (1) (a) of the Electricity Act, 2003 for determination of the Average Power Purchase Cost of the Respondents for each year starting from 2009-10 in order to comply with the provisions of the CERC (Terms […]
REC Trade Result – October 2019
The October trade witnessed a two and a half year high MCP of Rs 2,400 for solar REC’s on both the exchanges while the demand remained stable as compared to the previous trade session. Solar RECs traded very close to the forbearance price of Rs 2,500. Non-Solar: Non-solar RECs traded at the price of INR […]
PXIL successfully completes 102nd session of REC trading
PXIL successfully completes 102nd session of REC trading For more information please see below link:
REC Trade Result – September 2019
The September trade session saw an overall increase in demand for both non-solar & solar. Price increased for solar RECs on IEX & PXIL both resulting in high demand but limited supply for solar RECs. Non-Solar: non-solar RECs traded at the price of INR 1780 at PXIL (78% above the floor price) and INR 1500 at IEX (50% […]
REC trade result – August 2019
The August trade session saw a reduction in demand for both non-solar & solar. In the case of supply, the availability of solar & non-solar both reduced from last trade session. Prices increased for both solar & non-solar RECs on IEX. Non-Solar: non-solar RECs traded at the price of INR 1500 at PXIL (50% above […]
PXIL successfully conducts 99th session of REC trading
PXIL successfully conducts 99th session of REC trading For more information please see below link: Source: powerexindia
REC Raises 650 Million USD from Global Medium Term Programme under REG S Bonds Issuance
PRICING OF USD 650 MILLION 3.375% FIXED RATE SENIOR UNSECURED DOLLAR NOTES OF 5-YEAR TENOR REC Limited has successfully raised USD 650 million (INR 4,450 crore), 5-year bond from REG S Bonds under the established Global Medium Term Programme of USD 5 billion. Proceeds of the bond will be used to finance power projects in […]
REC trade result – June 2019
The June trade session saw an upward trend in both solar & non-solar. However, demand continued to exceed supply both in the case of solar & non-solar. Non-Solar: This session the RECs were traded at the price of INR 1555 at PXIL (55% above the floor price) and INR 1600 at IEX (60% above the floor price). […]