New Delhi, 04 September 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 a project specific SPV (Special Purpose Vehicle). viz, Tumkur-II REZ Power Transmission Limited to M/s G.R. Infraprojects Limited (GRIL) on 03rd September, 2024 at Gurugram.
M/s G R Infraprojects Limited (GRIL) 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 project on Build, Own, Operate & Transfer (BOOT) basis.
The project covers establishment of 400/220 kV, 4 X 500 MVA pooling station near Tumkur, Karnataka and 27.2 Kms of 400 kV line along with associated works.
The SPV was handed over by Shri T.S.C. Bosh, CEO, RECPDCL to Shri Saurabh Kaushik, Head (Business Development & Strategy), G.R. Infraprojects Limited in the presence of Senior Officials of RECPDCL, GRIL and Central Transmission Utility of India Limited. The project is targeted for implementation in 24 months.
