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Funding blues for green companies, discoms over REC-PFC deal

By : editor_2, Jan 31, 2019

Renewable energy firms and state power distribution companies fear a funding crunch in the power sector due to the takeover of REC by Power Finance Corp (PFC), even as both state-run firms...

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Cabinet Approves Sale Of Government’s Stake In REC To Power Finance Corporation

By : editor_2, Dec 7, 2018

The cabinet approved the sale of government’s entire 52.63 percent in power sector financier REC Ltd. to state-run peer Power Finance Corporation Ltd. as it looks to mop up funds through such a...

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REC to tap US investors with $1-billion bond offering

By : editor_2, Oct 23, 2018

REC, one of the largest lenders to the power sector, is planning to raise $1 billion through a bond sale to US-based investors, a first for the state-run company that has so far tapped investors...

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Rural Electrification Corp agrees to reduce interest rate on loan to Andhra by 2 per cent

By : sustainabilityo..., Oct 9, 2017

Rural Electrification Corporation (REC) of India has agreed to reduce the interest rate on loans to be given to Andhra Pradesh by 2 per cent.

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