REC Limited has sanctioned a Rs 6,075 crore loan to renewable energy company Greenko for setting up a 1,440-megawatt Standalone Pumped Storage Project.
The conference, spearheaded by the Power Grid Corporation of India Limited (POWERGRID), a 'Maharatna' company under the Ministry of Power, Government of India, sought to explore the potential of cross-border energy connectivity and collaboration, read the Ministry of Power press release.
REC Limited, the Maharatna Central Public Sector Enterprise under the Ministry of Power, has signed a Foreign Currency Term Loan Agreement for USD 100 Million, with the Export-Import Bank of India (EXIM Bank).
REC Limited, the Maharatna Central Public Sector Enterprise under the Ministry of Power, has entered into a pact with Damodar Valley Corporation (DVC), under which REC will provide a loan of Rs 4,527.68 crore to DVC for setting up a 1,320 MW thermal power project (2x660 MW) at Raghunathpur i
As per the Ministry of Power, the 660 MW unit being inaugurated is Unit 2 of Stage I of the project. The commissioning of this unit would be another milestone in the government’s endeavour to provide reliable and affordable power to the nation.
The Union government and the Government of Arunachal Pradesh came together to sign Memorandums of Agreement in Itanagar wherein 12 hydro-electric projects of cumulative installed capacity of about 11,517 MW was allotted by the state government to Hydro PSUs under the Union Ministry of Power.
"The loan has been extended as part of a consortium arrangement for Rs 48,625 crores, wherein the share of REC Limited is Rs 4,785 crores. The refinery cum complex will have a capacity of 9 Million Metric Tonnes per Annum (MMTA), and would entail a total project cost of Rs 72,937 crores," th
The Central Government has issued Guidelines for Resource Adequacy Planning Framework for India, in consultation with Central Electricity Authority (CEA).
India's largest hydropower development company NHPC has signed a Memorandum of Understanding with Odisha's GRIDCO for the development of pumped storage projects and renewable energy.
The Government of India has introduced two changes to the prevailing power tariff system and now across the country consumers can save up to 20 per cent in power bills by planning usage during solar hours or daytime as the government is set to implement a 'time of the day' tariff.
Rather than being charged for electricity at the same rate at all times of the day, the price you pay for electricity will vary according to the time of day.