REC’s Subsidiary Handover SPV To Power Grid Corporation of India Limited

REC’s Subsidiary Handover SPV To Power Grid Corporation of India Limited

 

New Delhi: REC Transmission Projects Company Limited, a wholly owned subsidiary of Rural Electrification Corporation Ltd, – a ‘Navratna’ Central Public Sector Undertaking, under Ministry of Power, handed over project specific Special Purpose Vehicle (SPV) “WR-NR Power Transmission Limited” to M/s Power Grid Corporation of India Limited on 27th March, 2018 in the presence of CMD, RECL, Director (Technical), RECL, CEO, RECTPCL and ED, PGCIL.

The selection was carried out through Tariff Based Competitive Bidding based on the Standard Bidding Documents and Guidelines notified by Ministry of Power, Government of India for selection of transmission developers on Build, Own, Operate & Maintain (BOOM) model.

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