RECPDCL Hands Over Rajasthan-IV H-1 Power Transmission Limited to PowerGrid
Power Grid Corporation emerged as the Transmission Service Provider through Tariff-based Competitive Bidding process conducted by RECPDCL.
Gurugram: 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, Rajasthan-IV H-1 Power Transmission Limited to Power Grid Corporation of India Limited (PGCIL) on 15 th October 2024 at Gurugram.
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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 BPC (Bid Process Coordinator), for development of the above transmission project on BOOT (Build, Own, Operate & Transfer) basis.
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The SPV was handed over by Shri TSC Bosh, CEO, RECPDCL to Shri Satyaprakash Dash, Company Secretary, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, PGCIL and Central Transmission Utility of India Limited. The project is targeted for implementation in 24 months.
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