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REC owned RECPDCL transfers two transmission projects to POWERGRID
REC Power Distribution Company Ltd. handed over two projects specific Special Purpose Vehicles (SPVs) 'Fatehgarh Bhadla Transco Limited' & 'Sikar New Transmission Limited' to Power Grid Corporation of India Limited (POWERGRID)
RECPDCL has handed over two projects specific Special Purpose Vehicles (SPVs) 'Fatehgarh Bhadla Transco Limited' & 'Sikar New Transmission Limited' to POWERGRID/Representational Image
New Delhi: REC Power Distribution Company Limited (RECPDCL), a wholly-owned subsidiary of REC Limited under the Ministry of Power, has handed over two projects specific Special Purpose Vehicles (SPVs) 'Fatehgarh Bhadla Transco Limited' & 'Sikar New Transmission Limited' to Power Grid Corporation of India Limited (POWERGRID) on Friday in the presence of CEO & Jt. CEO, RECPDCL, and officials from Power Grid Corporation of India Limited.
The selection of POWERGRID was carried out through Tariff Based Competitive Bidding (TBCB) for selection of transmission developers in line with the Standard Bidding Documents and Guidelines thereof as notified by the Ministry of Power, Government of India.
REC Limited is a Navratna NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Limited has completed over fifty years in the area of its operations. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its business activities invoREC owned RECPDCL transfers two transmission projects to POWERGRID
REC Power Distribution Company Ltd. handed over two projects specific Special Purpose Vehicles (SPVs) 'Fatehgarh Bhadla Transco Limited' & 'Sikar New Transmission Limited' to Power Grid Corporation of India Limited (POWERGRID).
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