Power projects financier REC reported an 11 per cent growth in profitability for the first half of FY2025, with net profit rising to ₹74.48 billion from ₹67.34 billion in the previous fiscal year. REC’s operational revenue appreciated by 18 per cent to ₹265.94 billion compared to ₹225.52 billion in the same period last year. Growth...
Tag: Power Projects
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Green Shoots of Project Finance!
A successful transition to new and renewable energy sources by the world’s fastest-growing major economy won’t only serve as a template for other countries but will also help firmly position it as a global green energy hub. A day after the ambitious Pradhan Mantri Surya Ghar Muft Bijli Yojana or Prime Minister’s free electricity scheme...
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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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UP to create 2,600 km transmission network for green energy corridor
Green energy corridors being set up in two phases
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Developers will be able to get rid of their excess baggage
We are almost there both with REIT and InvIT. They have been in the pipeline for quite some time. The government has taken the initiative to come out with proper SEBI regulations, which itself is the very first step towards REITs and InvITs.
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Bangladesh keen to invest in Meghalaya power projects
Bangladesh has evinced interest for investment in power projects of Meghalaya to boost bilateral ties. Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) Chairman Abdul Matlub Ahmad said the neighbouring country´s offer is in the form of a joint venture with Meghalaya government in developing cascading hydel power projects.
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Assured coal supply for stuck power plants
The order refers to the plants which are part of the tranche of projects totalling capacity of 78,000 Mw for which a presidential directive was issued in 2013.The central government will bail out close to 21,400 Mw of power plants by assuring coal linkage through new fuel supply agreements (FSAs).
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Bidding to rescue power plants
Bidding process to rescue stranded power projects worth Rs 60,000 crore has begun with the companies putting in bids
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J&K wants return of hydro-projects
J&K Deputy Chief Minister Nirmal Kumar Singh has said the two power projects mentioned in the common minimum programme of the PDP-BJP coalition will be reclaimed by the state government.
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Govt to fast-track Rs.90,000 cr power projects
The Centre has decided to fast-track 10 power projects worth Rs 90,000 crore planned by State-owned companies led by NTPC, which have been held up by land-related issues, identified in the Economic Survey as the biggest hurdle for stalled public sector investments.