RECPDCL handed over SPV ‘Khavda II-A Transmission Limited’ to Adani Transmission
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Maharatna Company, a CPSU under the aegis of the Ministry of Power, handed over the project-specific SPV (Special Purpose Vehicle), formed for the construction of Transmission Project viz....
RECPDCL handed over SPV ‘Khavda II-A Transmission Limited’ to Adani Transmission
NEW DELHI- REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Maharatna Company, a CPSU under the aegis of the Ministry of Power, handed over the project-specific SPV (Special Purpose Vehicle), formed for the construction of Transmission Project viz., ‘Khavda II-A Transmission Limited to M/s Adani Transmission Limited (ATL) on 28th March 2023.
M/s Adani Transmission Limited has been the successful bidder of the Inter-State Transmission Project of the Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator.
The SPV has been handed over by Shri Rahul Dwivedi, IAS, CEO, RECPDCL to Shri Ishwar Kailashnath Dubey, Vice President from M/s Adani Transmission Limited in the presence of Shri P.S. Hariharan, CGM, RECPDCL, Shri Vijay Kulkarni, Sr. GM, RECPDCL, Shri Bhupendra Singh, ATL, Shri Narendra Ojha, ATL, Shri Atul Agrawal, Sr. GM, CTUIL, Shri Deepak Krishnan Manager, CTUIL and other senior officials of RECPDCL, ATL & CTUIL.
The selection of M/s Adani Transmission Limited was carried out through Tariff Based Competitive Bidding (TBCB) for the selection of the Transmission Service Provider in line with the Standard Bidding Documents and Guidelines thereof, as notified by the Ministry of Power, Government of India.
The work involves the implementation of a 765 kV double circuit line from Khavda Pooling Station-2 (KPS2) to Lakadia. The project for implementation is targeted in 24 months.
With the handing over of the above SPV, RECPDCL successfully handed over 51 transmission projects till now, costing around Rs 69,872 crores.
About REC Limited:
REC Limited is an NBFC Maharatna CPSU on Power Sector Financing and Development across India. Established in 1969, REC Ltd. has completed over fifty years in the area of its operations. It provides financial assistance to complete the power-sector value chain; for various types of projects including Generation, Transmission & Distribution, and Renewable Energy. Recently, REC has also diversified into non-power Infrastructure & Logistics sector to cover areas such as airports, metro, railways, ports, bridges, etc.
About RECPDCL:
REC Power Development and Consultancy Limited, RECPDCL, a wholly owned subsidiary of REC Limited- the NBFC Maharatna CPSU, has been providing knowledge-based consultancy and expert project implementation services to more than 50 State power distribution companies/Power Departments of States.
RECPDCL has been acting as Bid Process Coordinator (BPC) for Tariff Based Competitive Bidding (TBCB) in Transmission Line Projects. Under PMDP projects RECPDCL has been executing critical infrastructure upgradation projects in distribution and transmission sectors in the UT of J&K and Ladakh. RECPDCL with its expert consulting, project implementation and transaction advisory services is thus playing a key role across the power sector value chain of the country.
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