RECPDCL Hands Over Rajasthan-IV H-1 Power Transmission to Power Grid
RECPDCL has handed over Rajasthan-IV H-1 Power Transmission Ltd, a project SPV, to Power Grid Corp. The transmission project will be developed on a BOOT basis.
Photograph: Courtesy Power Grid Corporation
New Delhi, Oct 15 (PTI) State-owned REC Ltd on Tuesday said its arm REC Power Development and Consultancy Lted (RECPDCL) has handed over Rajasthan-IV H-1 Power Transmission Ltd, a project special purpose vehicle (SPV) to Power Grid Corp.
Power Grid Corporation of India Ltd (PGCIL) emerged as the transmission service provider (TSP) through tariff-based competitive bidding (TBCB) process conducted by RECPDCL, the BPC (Bid Process Coordinator), for development of the transmission project on BOOT (Build, Own, Operate & Transfer) basis, the statement said.
According to the statement, RECPDCL handed over a project-specific SPV (Special Purpose Vehicle) viz, Rajasthan-IV H-1 Power Transmission Ltd to PGCIL on October 15, 2024 at Gurugram.
The SPV was handed over by T S C Bosh, CEO, RECPDCL, to Satyaprakash Dash, Company Secretary, PGCIL.
The project is targeted for implementation in 24 months, it stated.
Power Grid Corporation of India Ltd (PGCIL) emerged as the transmission service provider (TSP) through tariff-based competitive bidding (TBCB) process conducted by RECPDCL, the BPC (Bid Process Coordinator), for development of the transmission project on BOOT (Build, Own, Operate & Transfer) basis, the statement said.
According to the statement, RECPDCL handed over a project-specific SPV (Special Purpose Vehicle) viz, Rajasthan-IV H-1 Power Transmission Ltd to PGCIL on October 15, 2024 at Gurugram.
The SPV was handed over by T S C Bosh, CEO, RECPDCL, to Satyaprakash Dash, Company Secretary, PGCIL.
The project is targeted for implementation in 24 months, it stated.
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