“PFC along with REC executed a MoU with STPL for extending term loan of Rs 8,520.46 crore for 2×660 MW Buxar Thermal Power Project New Delhi: State-owned PFC and REC have signed an initial pact with SJVN to provide Rs 8,520 crore worth loan for a thermal power plant in Buxar, Bihar. “PFC along with […]
Loans worth Rs 1.18 lakh crore sanctioned under discom liquidity package
In May, Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. New Delhi: Loans worth Rs 1.18 lakh crore have been sanctioned so far by state-run non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power […]
Green certificate sales down 55 per cent to 3.33 lakh in May
NEW DELHI: Sales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated […]
REC appoints Ajoy Choudury as Director Finance from June 1
Ajeet Kumar Agarwal Director (Finance), who was also holding additional charge of the post of Chairman & Managing Director of the REC, has superannuated on May 31, 2020 and ceased to be a director on the board from June 1 New Delhi: State-owned shadow banking firm REC Ltd on Monday said its Executive Director Ajoy […]