|

REC incorporates ‘Rajasthan IV 4B Power Transmission’ as a wholly owned subsidiary

By

REC has established ‘Rajasthan IV 4B Power Transmission’ as a wholly owned subsidiary of REC Power Development & Consultancy (RECPDCL), which itself is a wholly owned subsidiary of REC. The new company has been formed to manage the transmission system for the evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase-IV (Part-4: 3.5 GW), specifically Part B.

The newly incorporated entity has an authorized and paid-up capital of Rs 500,000. This formation follows a directive from the Ministry of Power, as per a gazette notification dated June 14, 2024, which allocated a transmission project to RECPDCL. RECPDCL has been designated as the bid process coordinator (BPC) for selecting a bidder for the transmission system.

Similar Posts

|

UltraTech raises $500 million through sustainability-linked financing

By

UltraTech Cement has secured $500 million through sustainability-linked financing, involving participation from six major banks. This marks the company’s second sustainability-linked transaction, following its inaugural bond issuance in 2021, and underscores UltraTech’s commitment to aligning its funding strategy with its sustainability and ESG goals. The banks involved in the transaction are Sumitomo Mitsui Banking Corporation (SMBC), State Bank of India (SBI), BNP Paribas, DBS, MUFG, and Mizuho. SMBC played a pivotal role, acting as the…

|

China’s Linglong One SMR nears completion at Changjiang site

By

China’s Linglong One, the world’s first commercial onshore small modular reactor (SMR), has reached a significant milestone with the installation of the lower reactor internals at the Changjiang site in Hainan province. The China National Nuclear Corporation (CNNC) placed the “hanging basket assembly” into the reactor pressure vessel on August 29, starting the internal components installation. The reactor internals are critical to the SMR’s operation, supporting the core, maintaining fuel alignment, directing coolant flow, and…

|

Tata Chemicals partners with BAIF for sustainable agriculture initiatives

By

Tata Chemicals Limited (TCL) has signed a memorandum of understanding (MoU) with BAIF Development Research Foundation to explore the production of Spineless Cactus and Hybrid Napier, reinforcing Tata Chemicals’ commitment to green sustainable solutions and rural development. This partnership aims to combine BAIF’s expertise in agricultural practices, agro-biodiversity conservation, climate-smart agriculture, and renewable energy with Tata Chemicals’ capabilities in nutrition biosciences, nanotechnology, agrochemistry, and rapid R&D translation for scalability. The collaboration will focus on developing…

|

US DOE allocates $2 billion for 38 projects to enhance power grid resilience

By

The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program.  The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity.  These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public and private investment, ensuring reliable and clean…

|

Himachal Pradesh unveils plan for 100% electric public transport by 2025

By

Himachal Pradesh is set to fully electrify its public transport system, with Chief Minister Sukhvinder Sukhu announcing a plan to convert the Himachal Road Transport Corporation (HRTC) fleet to 100% electric by March 2025.  The transition to electric vehicles aims to reduce the environmental impact and improve HRTC’s financial performance, positioning it as a key player in sustainable transport across Himachal Pradesh’s challenging terrain.

|

CERC approves transmission tariff for Sirohi Transmission’s ISTS project

By

The Central Electricity Regulatory Commission (CERC) has approved the annual transmission tariff of Rs 2.91 billion for Sirohi Transmission Ltd, a wholly-owned subsidiary of Power Grid Corporation of India Ltd (PGCIL), for its ISTS scheme.  This project, named “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex) Part B,” was awarded to PGCIL under the tariff-based competitive bidding (TBCB) process. During the bidding, PGCIL’s final winning bid…

Leave a Reply

Your email address will not be published. Required fields are marked *