REC incorporates two subsidiaries for transmission projects in Madhya Pradesh and Andhra Pradesh
Author: PPD Team Date: November 21, 2024
Author: PPD Team Date: November 21, 2024
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has announced the incorporation of two new wholly owned subsidiaries: Mahan Transmission Limited and Kurnool-IV Transmission Limited.
Mahan Transmission Limited will oversee the Transmission System for Evacuation of 1230 MW Power (MPPTCL portion) from the 2×800 MW thermal power project of Mahan Energen Ltd. Â
Kurnool-IV Transmission Limited will manage the Transmission System for Integration of Kurnool-IV Renewable Energy Zone (Phase-I, 4.5 GW), a project allocated by the Ministry of Power via a gazette notification dated September 19, 2024.Â
REC PDCL has been appointed as the bid process coordinator (BPC) for the selection of a transmission service provider (TSP) for the establishment of the projects through tariff tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: October 30, 2024 Saboo Sodium Chloro (SSCL) has announced the expansion of its captive solar power plant at the Nawa refinery in Sambhar Lake, Rajasthan. With an additional 150 kW, the facility’s total solar capacity now reaches 650 kW. EKAM Green Ventures has been appointed as the EPC contractor, with the project expected to be operational within ten days. This expansion is anticipated to generate annual energy cost savings of approximately…
Author: PPD Team Date: August 18, 2025 The Ministry of New and Renewable Energy (MNRE) has released guidelines and FAQs to standardise the approval process for solar photovoltaic (SPV) modules under the Solar Systems, Devices and Components Goods Order, 2025. Published on August 13, 2025, the document outlines the procedure for defining product families, testing protocols, and marking rules for modules. A product family will be based on the maximum configuration of parts and assemblies,…
Author: PPD Team Date: December 15, 2025 JSW Energy Limited has reported a set of corporate actions covering new long-term power sales, capital raising and senior management changes. The announcements were made in filings dated 12 December 2025. JSW Energy Utkal Limited has signed a 25-year Power Purchase Agreement with several distribution companies in Karnataka. The agreement covers 400 MW of supply from 1 April 2026 at a tariff of Rs 5.78 per kilowatt hour….
Author: PPD Team Date: February 4, 2026 Indian Energy Exchange (IEX) reported its highest monthly electricity traded volume at 13,050 million units (MU) in January 2026, up 19.6% from the same month last year. Higher supply liquidity and lower prices across key segments supported the increase in market activity. In a regulatory filing to stock exchanges, IEX said volumes in the Real-Time Market (RTM) rose to 4,638 MU, reflecting a 52.8% year-on-year increase. The exchange…
Author: PPD Team Date: November 13, 2024 Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in the previous year.
Author: PPD Team Date: June 20, 2025 Three companies—NTPC Limited, Oben Electric, and Avaana Capital—have announced fundraises aligned with infrastructure, clean mobility, and sustainability-linked investments. NTPC raises Rs 40 billion via NCDs NTPC Limited has raised Rs 40 billion through the private placement of unsecured, non-convertible debentures (NCDs). The debentures carry a coupon rate of 6.89 per cent per annum and a tenor of 10 years and 1 day. This is the third issuance under…