REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion.
For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) has issued a Letter of Award (LoA) to a joint venture of Mohan Energy Corporation Pvt. Ltd. and Shilpa Steel and Power Ltd., Nagpur, for the development of transmission infrastructure linked to a 3,310 MW solar park in Tehsil Pugal, Bikaner. Mohan Energy Corporation Pvt. Ltd. is the…
Juniper Green Energy Private Limited has commissioned a 71 MWp solar power project at Chapalgaon village in Solapur district, Maharashtra. The project was developed through its wholly-owned subsidiary, Juniper Green Ray Two Private Limited. It marks the second phase of a larger 217 MWp solar power development at the same site in Akkalkot taluka. The…
The National Committee on Transmission (NCT), in its most recent meeting, has planned a new transmission scheme to address high power flow on the Western Region-Northern Region (WR-NR) corridor. Representatives from Central Transmission Utility of India Limited (CTUIL) highlighted the persistent high loading of the 765 kV Vindhyachal-Varanasi double-circuit (D/C) line, particularly during peak demand…
NHPC Limited has resumed construction work on the Parbati Hydro Electric Project Stage-II, which had previously faced roadblocks due to local opposition. The project, located on the Beas River in Kullu District, Himachal Pradesh, involves establishing an 800 MW capacity and is being developed with an investment of Rs 98.97 billion. It is situated approximately…
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved electricity tariffs for FY 2026-27 without any increase for the state’s five distribution companies. The Commission said accumulated surpluses would be used to bridge the revenue gap instead of passing additional costs on to consumers. It also increased the state government’s electricity subsidy, retained green energy…
Syngene International Limited has increased its stake in O2 Renewable Energy Private Limited II from 26 percent to 33.79 percent. This move strengthens Syngene’s renewable energy consumption strategy while ensuring compliance with captive power requirements under the Electricity Act. The investment supports O2 Renewable Energy’s 201.2 MW wind-solar hybrid power plant in Kudligi Taluk, Bellary…