RECPDCL Hands Over NERGS-I Power Transmission To Techno Electric & Engineering Company

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, the Maharatna CPSU under the aegis of Ministry of Power & a leading NBFC, handed over a project specific SPV (Special Purpose Vehicle) viz, NERGS-I Power Transmission to M/s Techno Electric & Engineering Company, formed for establishment of new 400 kV switching station at Bokajan in Assam and LILO (loop‐in and loop‐out) of both circuits of Misa – New Mariani 400 kV D/c line at Bokajan in Assam.

M/s Techno Electric & Engineering Company emerged as the Transmission Service Provider (TSP) for the scheme through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator.  

The SPV was handed over by TSC Bosh, CEO, RECPDCL to Dinesh Parikh, General Manager (Commercial), Techno Electric & Engineering Company in the presence of senior officials of RECPDCL, Central Transmission Utility (CTU) of India and Techno Electric & Engineering Company.

About RECPDCL: REC Power Development and Consultancy, RECPDCL, a wholly owned subsidiary of REC, has been providing knowledge-based consultancy and expert project implementation services to several State power distribution companies/Power Departments of States. RECPDCL has also been implementing transmission projects in UTs of J&K and Ladakh. RECPDCL has also been acting as Bid Process Coordinator (BPC) for Inter-state as well as Intrastate transmission projects and RE-Bundling projects implemented through Tariff Based Competitive Bidding (TBCB). RECPDCL with its expert consulting, project implementation and transaction advisory services is thus playing a key role across the power sector value chain of the country.

About REC: REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

REC provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100 per cent village electrification and household electrification in the country.