REC's subsidiary RECPDCL handed over two (2) SPVs of Transmission Projects to M/s Power Grid Corporation of India Limited
Dated Jun 04 2021
REC Power Distribution Company Limited (RECPDCL), a wholly owned subsidiary of REC Limited under Ministry of Power, handed over two projects specific Special Purpose Vehicles (SPVs) 'Fatehgarh Bhadla Transco Limited' & 'Sikar New Transmission Limited' to M/s Power Grid Corporation of India Limited on 04th June, 2021 in the presence of CEO & Jt. CEO, RECPDCL and officials from Power Grid Corporation of India Limited.
The selection of M/s Power Grid Corporation of India Limited 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 Ministry of Power, Government of India.