REC Power Development and Consultancy (RECPDCL) provided a project specific Special Purpose Vehicle (SPV) to Power Grid Corporation.

MOUs and Agreement

REC Power Development & Consultancy (RECPDCL), a wholly owned subsidiary of REC, has handed over the project-specific Special Purpose Vehicle (SPV) formed for construction of 'Ramgarh II Transmission' transmission project to Power Grid Corporation of India (PGCIL). Gave. PGCIL was selected as the Transmission Service Provider by RECPDCL through Tariff-Based Competitive Bidding (TBCB). The SPV work includes implementation of 765 KV D/C line (Ramgarh PS to Bhadla-3 PS) in Rajasthan along with 765/400 KV and 2x500 MVA 400/220 KV Pooling Station at Ramgarh. The project is targeted to be completed in 18 months. With the handing over of this SPV, RECPDCL has so far successfully handed over 54 transmission projects costing approximately Rs 75,000 crore.


     

     

     

 

     


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