REC hands over 6 Special Purpose Vehicles to India's Power Grid Corporation

Rural Electrification Corporation Power Development and Consultancy Limited (RECPDCL) on Wednesday announced handing over six projects' specific Special Purpose Vehicles (SPV) to Power Grid Corporation of India Limited (PGCIL), the company stated in a press release.
The projects were bagged by PGCIL through tariff based competitive bidding process.

"Power Grid Corporation of India Limited (PGCIL) was the successful bidder for all of the 6 Projects of the Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator," said the release.

"RECPDCL is putting in all possible efforts to ensure the growth of new renewable power reforms to cater to the electricity capacity of the country. Tariff-based competitive bidding for the development of transmission system for evacuation of RE power is one such mission and we are here today to celebrate the golden jubilee of successfully completing the bidding of 50 projects being done through the TBCB route," said Rahul Dwivedi, Chief Executive Officer, RECPDCL.

The REC Limited is also into construction of 4 Nos. of 220kV GIS & AIS substations along with associated 220kV Transmission lines of approximately 275 km at the world’s highest altitude of 3000-5000 meters above MSL in the Ladakh region, highlighted
Vivek Kumar Dewangan, CMD, REC Limited.