RELIANCE POWER: CO UNIT ROSA POWER, PREPAYS ANOTHER RS. 485 CRORE DEBT TO VARDE PARTNERS, BECOMING ZERO-DEBT COMPANY || TOTAL PREPAYMENT OF DEBT IS RS. 1,318 CRORE
RELIANCE POWER: CO SAYS HAS ZERO BANK DEBT || CO TO PURSUE GROWTH OPPORTUNITIES IN CLEAN GREEN POWER SECTOR
JUST IN, 🔥🔥🔥
EXTREMELY POSITIVE NEWS FOR #REC & #PFC
Press release says -
REC has signed a massive MOU worth 1,12,000 CR with Renewable Energy developers at RE-INVEST 2024
REC intends to be a key player in the country's journey of installed non fossil based generation capacity from 200 GW to 500 GW by 2030.
Renewable energy Loan Book to be 3 Lakh crores by 2030
This will increase the share of Renewables from current 8% to 30% by 2030, as REC’s loan book is projected to be of ₹10 lakh crore by 2030.