REC Ltd's subsidiary, REC Power Development Consultancy, has handed over ERES-XXXIX Power Transmission Ltd to Tata Power Company Ltd. The project is targeted for implementation by December 2027.
Photograph: Courtesy Power Grid Corporation
New Delhi, Nov 14 (PTI) State-owned REC Ltd on Thursday said its arm REC Power Development Consultancy has handed over a project-specific special purpose vehicle (SPV), ERES-XXXIX Power Transmission Ltd, to Tata Power Company Ltd.
Tata Power Company Ltd emerged as the transmission service provider through a tariff-based competitive bidding process conducted by RECPDCL, the bid process coordinator, for development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis, REC said in a statement.
According to the statement, REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC Ltd, handed over project-specific SPV ERES-XXXIX Power Transmission Ltd to Tata Power Company on Thursday.
The project is targeted for implementation by December 2027.
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