REC Transfers Special Purpose Vehicles Projects to Power Grid

REC Power Development and Consultancy Limited (RECPDCL) handed over two project specific Special Purpose Vehicles (SPVs) viz Rajasthan IV-C Power Transmission Limited and Rajasthan IV-E Power Transmission Limited to Power Grid Corporation of India Limited (PGCIL). This was formed for evacuation of power from Rajasthan Renewable Energy Zone Ph-IV Jaisalmer/Barmer Complex.

PGCIL emerged as the Transmission Service Provider (TSP) through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of above transmission projects on Build, Own, Operate & Transfer (BOOT) basis.

The project Rajasthan IV-C Power Transmission Limited covers construction of 765/400 kV, 3×1500 MVA & 400/220 kV, 5×500 MVA Pooling Station at Mandsaur, 171.75 Kms of 765 kV line and associated works. The project Rajasthan IV-E Power Transmission Limited covers 765 kV Substation near Rishabdeo, 339.24 Kms of 765 kV line and associated works.

The SPVs were handed over by T S C Bosh, CEO, RECPDCL to the officials of PGCIL including Satya Prakash Dash, Company Secretary in the presence of Senior Officials of RECPDCL and Central Transmission Utility of India Limited. The projects are targeted for implementation in two years.

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