REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, facilitated the handover of two project-specific Special Purpose Vehicles (SPVs) on Friday. Kallam Transco Limited and Jalpura Khurja Power Transmission Limited were handed over to Indigrid 2 Limited & Indigrid 1 Limited (Consortium) and The Tata Power Company Limited, respectively.
These SPVs were established for the “Western Region Network Expansion Scheme in Kallam area of Maharashtra” and the “Construction of 400/220 kV, 2×500 MVA GIS substation Metro Depot (Gr. Noida) with associated lines and 400/220 kV, 2×500 MVA GIS substation Jalpura.”
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RECPDCL, serving as the Bid Process Coordinator for both projects, oversaw the handover to the successful bidders in the presence of Shri Rajesh Kumar, CEO of RECPDCL, and senior officials from RECPDCL, REC Limited, CTUIL, and UPPTCL.
About RECPDCL and REC Limited
RECPDCL, a wholly owned subsidiary of REC Limited, provides consultancy and project implementation services to over 50 State power distribution companies. It acts as the Bid Process Coordinator for Tariff Based Competitive Bidding (TBCB) in Transmission Line Projects and RE-Bundling projects.
REC Limited, a ‘Maharatna’ CPSE under the Ministry of Power, is registered as a Non-Banking Finance Company (NBFC) and Infrastructure Financing Company (IFC). It finances projects in the Power-Infrastructure sector and recently diversified into Non-Power Infrastructure sectors. REC Limited continues to play a crucial role in the government’s flagship schemes for the power sector and beyond.
