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REC CMDs views coincide with ICF theme of infrastructure funding and nationbuilding

REC CMDs views coincide with ICF theme of infrastructure funding and nationbuilding

New Delhi, 12 October 2023 — At a point of time when the construction and infrastructure industries are witnessing unprecedented growth, the eagerly awaited 9th India Construction Festival is being held at Shangri La, New Delhi, on 12th October 2023. The grand event was organised by First Construction Council in collaboration with Construction World and Equipment...

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Policy reforms lead to better health, greater lending power

Policy reforms lead to better health, greater lending power

REC Ltd, which finances and promotes power projects across India, has been gearing up for a big shift by focusing on renewable energy and other green projects. With the shift in priorities towards renewable energy, raising funds for renewables has become easier in the domestic and global market, says Vijay Kumar Singh, Director (Projects), REC Ltd....

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Raising of upto Rs 6billion bonds issued by Power Grid Corp

Raising of upto Rs 6billion bonds issued by Power Grid Corp

The board of the state-owned Power Grid Corporation has approved raising up to Rs 6 billion through the issuance of bonds for private placement. According to a BSE filing, “Committee of directors for bonds, in their meeting held on 24th March, 2023, have approved the raising of unsecured, nonconvertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd)...

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MNRE to implement Rooftop Solar Programme Phase-II

MNRE to implement Rooftop Solar Programme Phase-II

Target of 4,000 MW RTS capacity addition in residential sector The Ministry of New and Renewable Energy (MNRE) is executing Rooftop Solar Programme Phase-II, for which the guidelines were released in August 2019.Under this Programme, 4,000 MW rooftop solar (RTS) capacity addition is targeted in the residential sector via Central Financial Assistance (CFA). CFA up...

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Punjab floats tender for 217 MW solar projects under PM-KUSUM

Punjab floats tender for 217 MW solar projects under PM-KUSUM

The solar power projects are under Component-A of PM KUSUM Scheme The Punjab Energy Development Agency (PEDA) has invited bids from farmers, groups of farmers, panchayats, cooperatives, farmer producer organisations (FPOs) and water use associations in Punjab for the construction of 217 MW solar power plants under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan...