New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has achieved a significant milestone in the realm of power transmission projects by handing over two project-specific Special Purpose Vehicles (SPVs) to successful bidders.
The first SPV, named Kallam Transco Limited, has been established for the “Western Region Network Expansion Scheme in Kallam area of Maharashtra,” an Inter State Transmission Project under the Ministry of Power, Government of India. This SPV has been handed over to M/s Indigrid 2 Limited & Indigrid 1 Limited (Consortium), the successful bidder.
The second SPV, Jalpura Khurja Power Transmission Limited, has been formed for the “Construction of 400/220 kV, 2×500 MVA GIS substation Metro Depot (Greater Noida) with associated lines and 400/220 kV, 2×500 MVA GIS substation Jalpura,” an Intra-state project of the Government of Uttar Pradesh. This SPV has been handed over to M/s The Tata Power Company Limited, the successful bidder.
The handover ceremony took place on April 5, 2024, in the presence of CEO of RECPDCL, Shri Rajesh Kumar, and senior officials from RECPDCL, REC Limited, Central Transmission Utility of India Limited, and Uttar Pradesh Power Transmission Corporation Limited.
RECPDCL, serving as the Bid Process Coordinator, facilitated both projects, which were executed through a tariff-based bidding process.
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