REC Limited Lists its USD 750 Million Green Bonds, SJVN Bags 200 MW Solar Project in Gujarat’s Khavda Solar Park, And Much More...

#Indore’s Mayor, Pushyamitra Bhargava, announced the plan during a workshop aimed at transforming Indore into a #solar city. The first phase will involve installing solar power plants on the roofs of government buildings, with the aim of increasing the city’s current generation capacity from 40 MW to 300 MW per year.?The initiative is expected to make Indore an environmentally sustainable city and a model for other cities in India to follow.

The Power Grid Corporation of India Limited of India Ltd (PGCIL) has invited bids for the development of a transmission line package or a 765 kV class Reactor package for the pooling station at Bidar, as part of the Transmission Scheme for the Solar Energy Zone in Bidar, Karnataka. The successful bidder will be responsible for the project’s designing, engineering, manufacture, testing at the manufacturer’s works, supply, transportation, unloading and delivery at site, including insurance and storage, erection, testing, and commissioning at the site. The completion period for the project is 21 months.

SJVN, a joint venture between the Government of India and the Government of Himachal Pradesh, has secured a 200 MW Grid Connected Solar Power Project in Khavda Solar Park, Gujarat through an e-Reverse auction conducted by Gujarat Urja Vikas Nigam Ltd. (GUVNL) The commissioning of the project is expected to reduce 576,067 tonnes of carbon emissions. SJVN has won the project with a quoted capacity of 200 MW at a rate of Rs 2.88 per unit under Open Competitive Tariff bidding by GUVNL.

REC Limited has undertaken an exclusive listing of its recently issued Green bonds of USD 750 million raised under its Global Medium Term Programme of USD 7 billion at GIFT IFSC Stock Exchanges in a primary listing ceremony held in GIFT IFSC, Gandhinagar.This is the largest ever senior USD tranche by an Indian NBFC (largest ever senior Green Bond Tranche by a South & South-East Asian issuer) and first Green Bond issuance by an Indian Company post India’s G20 Presidency.