In a significant development in the power transmission sector, REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, transferred two project-specific Special Purpose Vehicles (SPVs) on May 30, 2024. The projects, Khavda IV-E2 Power Transmission Limited and NERES XVI Power Transmission Limited, were established for implementing Inter-State Transmission Schemes of the Ministry of Power.

Power Grid Corporation of India Limited emerged as the successful bidder for the “Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase- IV (7 GW): Part E2” scheme. Also, Techno Electric & Engineering Company Limited secured the bid for the “North Eastern Region Expansion Scheme-XVI (NERES-XVI)”.

Also Read | RECPDCL and BHEL to form SPV for large-scale Renewable Energy Projects

The selection of the respective Transmission Service Providers (TSPs) was conducted via the Tariff-based Competitive Bidding (TBCB) process, with RECPDCL acting as the Bid Process Coordinator.

The handover ceremony took place in the presence of Shri P. S. Hariharan, Chief General Manager & HOD (Transmission) of RECPDCL, along with other senior officials of RECPDCL & CTUIL.

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