RECPDCL Hands Over 2 SPVs on Renewable Energy projects in Rajasthan by PGCIL

Gurugram: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the Ministry of Power, handed over two project specific SPVs (Special Purpose Vehicles). namely, Rajasthan IV-C Power Transmission Limited and Rajasthan IV-E Power Transmission Limited formed for evacuation of 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 tariff-based competitive bidding  process conducted by RECPDCL, the bidding Coordinator, for development of above transmission projects on Build, Own, Operate & Transfer (BOOT) basis, says the company Press Release. 

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 765 kV Substation near Rishabdeo, 339.24 Kms of 765 kV line and associated works. 

The SPVs were handed over by  CEO, T.S.C. Bosh, of 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 Limited. The projects are targeted for implementation in 2 years. 

RECPDCL (REC Power Development and Consultancy Limited), is a wholly owned subsidiary of REC Limited, and has been providing knowledge-based consultancy and expert project implementation services to several State power distribution companies/Power Departments of States. It has also been implementing transmission projects in UTs of J&K and Ladakh.

REC  Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Ltd. 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.