REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, the Maharatna CPSU under the aegis of Ministry of Power, handed over 2 (two) project specific SPVs (Special Purpose Vehicles). viz, Rajasthan IV-C Power Transmission and Rajasthan IV-E Power Transmission formed for evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex).
Power Grid Corporation of India (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 covers construction of 765/400 kV, 3x1500 MVA & 400/220 kV, 5x500 MVA Pooling Station at Mandsaur, 171.75 Kms of 765 kV line and associated works. The project Rajasthan IV-E Power Transmission 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. The projects are targeted for implementation in 2 years.
REC is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC has completed over fifty-five years in the area of its operations. It provides financial assistance to complete power-sector value chain; for various types of projects including Generation, Transmission & Distribution and Renewable Energy. Recently, REC has also diversified into non-power Infrastructure &; Logistics sector to cover areas such as airports, metro, railways, ports, bridges, etc.
