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REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects

REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala. The MoU was signed during the Global Green Hydrogen & Renewable Energy Summit 2025. Under this agreement,...

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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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A Ray of Hope, Amid the Gloom

A Ray of Hope, Amid the Gloom

Amidst the chaos seen in the power sector, with 22,000 MW thermal power projects lying idle for the need of coal or gas and lenders taking power generating assets to National Company Law Tribunal (NCLT) to recover dues, the transmission sector- with longer life cycle and lower risks- has exhibited the only ray of hope for investors and developers alike.

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Energy Transition

Energy Transition

A record capacity of over 75 GW was added over the last three years leading to over-capacity in thermal power. Industry doesn't see new thermal capacity being planned for some time, however, the existing capacity close to commissioning, or under construction will come to grid.

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Hartek Group bags PSPCL smart grid order for three upcoming Smart Cities

Hartek Group bags PSPCL smart grid order for three upcoming Smart Cities

Chandigarh-based Hartek Group, one of IndiaÂ’s fastest growing concerns catering to the power sector, has bagged a smart grid order from the Punjab State Power Corporation Ltd (PSPCL) for the supply, installation and commissioning of Supervisory Control and Data Acquisition (SCADA) relays at 55 substations in the upcoming Smart Cities of Ludhiana, Amritsar and Jalandhar.