RECPDCL and BHEL collaborate on large-scale renewable projects

18 Mar 2024 CW Team

It was agreed that the SPV will benefit from the core engineering expertise of BHEL and the infrastructure investment expertise of REC. The primary focus of the SPV will be to address the energy needs, preferably of the commercial and industrial (C&I) segment, starting with an initial capacity of 1 GW, which will subsequently be expanded.

The MoU was formalised in New Delhi on March 15, 2024. The signing ceremony was attended by key representatives including Vivek Kumar Dewangan, CMD of REC; Koppu Sadashiv Murthy, CMD of BHEL; V K Singh, Director (Projects) at REC; Rajesh Kumar, CEO of RECPDCL; and Bani Varma, Director of IS&P at BHEL. CMD of REC extended congratulations to both organizations for the collaboration and provided guidance for the future direction, emphasizing the development of renewable energy assets such as solar, wind, and green hydrogen. He expressed, "We are delighted to announce the signing of an MoU with BHEL for the establishment of a joint venture focused on the development of utility-scale renewable energy projects. This partnership amalgamates our extensive experience in the renewable energy sector with BHEL's established proficiency in manufacturing and engineering. This SPV will play a pivotal role in achieving India's ambitious renewable energy targets, thereby contributing to a cleaner and greener future."

Commenting on the occasion, the CMD of BHEL stated that there are numerous opportunities in the renewable energy sector to capitalize on the combined strengths of both organisations to fulfill the ambitious targets outlined by the Government of India.

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, has announced the signing of a Memorandum of Understanding (MoU) with Bharat Heavy Electrical (BHEL) for the joint development of utility-scale Renewable Energy Projects across the country. The objective of the MoU is to contribute towards the clean energy goals of the nation through the establishment of a dedicated Special Purpose Vehicle (SPV). It was agreed that the SPV will benefit from the core engineering expertise of BHEL and the infrastructure investment expertise of REC. The primary focus of the SPV will be to address the energy needs, preferably of the commercial and industrial (C&I) segment, starting with an initial capacity of 1 GW, which will subsequently be expanded. The MoU was formalised in New Delhi on March 15, 2024. The signing ceremony was attended by key representatives including Vivek Kumar Dewangan, CMD of REC; Koppu Sadashiv Murthy, CMD of BHEL; V K Singh, Director (Projects) at REC; Rajesh Kumar, CEO of RECPDCL; and Bani Varma, Director of IS&P at BHEL. CMD of REC extended congratulations to both organizations for the collaboration and provided guidance for the future direction, emphasizing the development of renewable energy assets such as solar, wind, and green hydrogen. He expressed, We are delighted to announce the signing of an MoU with BHEL for the establishment of a joint venture focused on the development of utility-scale renewable energy projects. This partnership amalgamates our extensive experience in the renewable energy sector with BHEL's established proficiency in manufacturing and engineering. This SPV will play a pivotal role in achieving India's ambitious renewable energy targets, thereby contributing to a cleaner and greener future. Commenting on the occasion, the CMD of BHEL stated that there are numerous opportunities in the renewable energy sector to capitalize on the combined strengths of both organisations to fulfill the ambitious targets outlined by the Government of India.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..