REC Hands Over SPVs to Power Grid, Techno Electric
REC's arm RECPDCL has handed over two project-specific SPVs, Khavda IV-E2 Power Transmission Ltd and NERES XVI Power Transmission Ltd, to Power Grid and Techno Electric respectively.
Photograph: Courtesy Power Grid Corporation
New Delhi, May 30 (PTI) State-owned REC Ltd on Thursday said its arm RECPDCL has handed over two project-specific special purpose vehicles (SPVs) to Power Grid and Techno Electric.
The two project-specific SPVs are Khavda IV-E2 Power Transmission Ltd and NERES XVI Power Transmission Ltd, REC said in a statement.
"Wholly-owned subsidiary REC Power Development and Consultancy Ltd (RECPDCL) has handed over Khavda IV-E2 Power Transmission Ltd to Power Grid and NERES XVI Power Transmission Ltd to Techno Electric," the company said.
Khavda IV-E2 Power Transmission Ltd and NERES XVI Power Transmission Ltd were formed for the implementation of Inter-State Transmission Schemes of the Ministry of Power for transmission system for evacuation of power, it said.
The respective transmission service providers were selected through a tariff-based competitive bidding process.
The two project-specific SPVs are Khavda IV-E2 Power Transmission Ltd and NERES XVI Power Transmission Ltd, REC said in a statement.
"Wholly-owned subsidiary REC Power Development and Consultancy Ltd (RECPDCL) has handed over Khavda IV-E2 Power Transmission Ltd to Power Grid and NERES XVI Power Transmission Ltd to Techno Electric," the company said.
Khavda IV-E2 Power Transmission Ltd and NERES XVI Power Transmission Ltd were formed for the implementation of Inter-State Transmission Schemes of the Ministry of Power for transmission system for evacuation of power, it said.
The respective transmission service providers were selected through a tariff-based competitive bidding process.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone-Idea
- 10.25 (+ 1.18)
- 54625894
- Alstone-Textiles
- 0.20 ( 0.00)
- 28807262
- Bharat-Coking-Coal
- 39.30 ( -3.58)
- 27365817
- Sunshine-Capital
- 0.21 ( -4.55)
- 16202392
- Harshil-Agrotech
- 0.41 ( -6.82)
- 12093597
MORE NEWS
© 2026 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback