REC Power Development and Consultancy Limited hands over 2 SPVs to Power Grid Corporation of India

Among the two projects one, 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 other project Rajasthan IV-E Power Transmission Limited covers a 765 kV Substation near Rishabdeo, 339.24 Km of 765 kV line and related works.

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of the Ministry of Power, handed over 2 (two) project-specific SPVs (Special Purpose Vehicles). viz, Rajasthan IV-C Power Transmission Limited and Rajasthan IV-E Power Transmission Limited were formed to evacuate power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex).

Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) through a Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for the development of the 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 a 765 kV Substation near Rishabdeo, 339.24 Km of 765 kV line and related works.

The SPVs were handed over by T.S.C. Bosh, CEO, RECPDCL to the officials of PGCIL including Shri 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 2 years.