Gurugram, 20 August 2024: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over 2 (two) project specific SPVs (Special Purpose Vehicles). viz, Rajasthan IV-C Power Transmission Limited and Rajasthan IV-E Power Transmission Limited formed for evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex).
M/s Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of above transmission projects on Build, Own, Operate & Transfer (BOOT) basis.
The project Rajasthan IV-C Power Transmission Limited covers construction of 765/400 kV, 3×1500 MVA & 400/220 kV, 5×500 MVA Pooling Station at Mandsaur, 171.75 Kms of 765 kV line and associated works. The project Rajasthan IV-E Power Transmission Limited covers 765 kV Substation near Rishabdeo, 339.24 Kms of 765 kV line and associated works.
The SPVs were handed over by Shri T.S.C. Bosh, CEO, RECPDCL to the officials of PGCIL including Shri Satya Prakash Dash, Company Secretary in the presence of Senior Officials of RECPDCL and Central Transmission Utility of India Limited. The projects are targeted for implementation in 2 years.
