New Delhi, 08 April 2024: Development and Consultancy Ltd. a wholly owned subsidiary of REC Ltd.- a Maharatna Central Public Sector Enterprise under the Ministry of Power and leading NBFC – has handed over two project-specific Special Purpose Vehicles (SPVs) formed for implementation of two power transmission projects.
An SPV Kallam Transco Limited has been formed for “Western Region Network Expansion Scheme in Kallam area of Maharashtra”, an Inter State Transmission Project of Ministry of Power, Government of India. The SPV has been handed over to M/s Indigrid 2 Limited & Indigrid 1 Limited (Consortium), the successful bidder.
Another SPV Jalpura Khurja Power Transmission Limited has been formed for “Construction of 400/220 kV, 2×500 MVA GIS substation Metro Depot (Greater Noida) with associated lines and 400/220 kV, 2×500 MVA GIS substation Jalpura”, an Intra-state project of Government of Uttar Pradesh. The SPV has been handed over to M/s The Tata Power Company Limited, the successful bidder.
The SPVs have been handed over to the successful bidders on April 5, 2024, in the presence of CEO, RECPDCL, Shri Rajesh Kumar and senior officials of RECPDCL, REC Limited, Central Transmission Utility of India Ltd. and Uttar Pradesh Power Transmission Corporation Ltd.
RECPDCL was the Bid Process Coordinator for both the projects, being executed through tariff-based bidding process.
