RECPDCL Hands over Five Inter State Transmission Project SPVs to Successful Bidders

  • REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has handed over five project-specific Special Purpose Vehicles (SPVs) for Interstate Transmission Projects. 
  • The successful bidders were M/s Power Grid Corporation of India Limited (PGCIL), M/s Indigrid 2 Limited & Indigrid 1 Limited (Consortium), and M/s Apraava Energy Private Limited. 
  • RECPDCL served as the Bid Process Coordinator for the project award. 
  • The SPVs were handed over in the presence of CEO, Shri Rajesh Kumar, and senior officials of RECPDCL, REC Limited, PGCIL, Central Electricity Authority (CEA) & CTUIL. 
  • RECPDCL also handed over Letters of Award (LOAs) to M/s Avaada Energy Private Limited and M/s Juniper Green Energy Private Limited for setting up 100 MW wind power projects of Damodar Valley Corporation. 
  • REC Limited, established in 1969, provides financial assistance to the complete power-sector value chain, including Generation, Transmission & Distribution, and Renewable Energy.
Posted in Current Affairs.