REC Hands Over SPV to Apraava Energy for Rajasthan Renewable Energy Project
By Rediff Money Desk, New Delhi Aug 21, 2024 19:33
RECPDCL, a subsidiary of REC Ltd, has handed over a project specific SPV to Apraava Energy for the Rajasthan Renewable Energy Zone Ph-IV transmission project.
![REC Hands Over SPV to Apraava Energy for Rajasthan Renewable Energy Project](https://im.rediff.com/money/2011/oct/03energy1.jpg)
New Delhi, Aug 21 (PTI) State-owned REC Ltd on Wednesday said its arm RECPDCL has handed over a project specific Special Purpose Vehicle to Apraava Energy.
The project will facilitate evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex), REC said in a statement.
Apraava Energy Pvt Ltd (AEPL) has emerged as the transmission service provider through tariff-based competitive bidding conducted by RECPDCL, the bid process coordinator.
The transmission project will be constructed on Build, Own, Operate & Transfer (BOOT) basis.
The project will facilitate evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex), REC said in a statement.
Apraava Energy Pvt Ltd (AEPL) has emerged as the transmission service provider through tariff-based competitive bidding conducted by RECPDCL, the bid process coordinator.
The transmission project will be constructed on Build, Own, Operate & Transfer (BOOT) basis.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Alstone Textiles
- 0.85 (+ 7.59)
- 31893428
- Filatex Fashions
- 1.30 ( -3.70)
- 29956162
- Alok Industries Ltd.
- 28.11 (+ 10.71)
- 23232927
- AvanceTechnologies
- 0.93 (+ 4.49)
- 21309709
- GTL Infrastructure
- 2.78 ( -1.07)
- 21057584
MORE NEWS
IndiGo Challenges GST Penalties: Input Tax...
IndiGo is challenging penalties imposed by Odisha and Kerala tax authorities related to...
![General Atlantic,...](https://im.rediff.com/80-80/money/2021/jun/03pnb.jpg)
General Atlantic, Pioneer Fund Sell Stake in...
General Atlantic and Pioneer Investment Fund offloaded a 5.37% stake in PNB Housing...
![Kerala Speeds Up...](https://im.rediff.com/80-80/money/2024/jan/29port.jpg)
Kerala Speeds Up Kannur Greenfield Port Project
Kerala government accelerates the greenfield port project in Kannur to boost industrial...