RECPDCL Hands Over 2 SPVs, Khavda IV A Power Transmission to Adani Energy Solutions and …….
.......Khavda IV C Power Transmission to Sterlite Grid
The projects havev been scheduled for implementation in 24 months.
Gurugram: REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC Limited, the Maharatna CPSU and a leading NBFC, handed over 2 pr
oject specific SPVs (Special Purpose Vehicles). viz, Khavda IV A Power Transmission Limited to Adani Energy Solutions Limited and Khavda IV C Power Transmission Limited to Sterlite Grid 38 Limited Friday at Gurugram. The projects are intended for evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7 GW) as per the company release.
Adani Energy Solutions Limited and Sterlite Grid 38 Limited (a subsidiary of Sterlite Power Transmission Limited) emerged as the Transmission Service Providers for Khavda Ph IV Part A and Part C projects respectively through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, under Build, Own, Operate & Transfer (BOOT) basis.
The project Khavda IV A Power Transmission covers construction of 310.31 kms of 765 KV line, creation of 765 KV & 400 KV bus sections at KPS3 GIS substation and associated works. The project Khavda IV C Power Transmission covers establishment of 765/400 KV, 4 X 1500 MVA and 400/220 KV, 2 X 500 MVA Boisar-II (GIS) substation, construction of 257.29 Km of 765 KV line and 20.725 km of 400 KV line.
The SPVs were handed over by T.S.C. Bosh, CEO, RECPDCL to Sanjay Johari, Vice President, Adani Energy Solutions Limited and Shri Tatimakula Amarendranath Reddy, Executive Vice President, Sterlite Power Transmission Limited, in the presence of Senior Officials of RECPDCL, AESL, SPTL and Central Transmission Utility of India Limited. The projects are targeted for implementation in 24 months.
RECPDCL is a wholly owned subsidiary of REC Limited, has been providing knowledge-based consultancy and expert project implementation services to several State power distribution companies/Power Departments of States. RECPDCL has also been implementing transmission projects in UTs of J&K and Ladakh. RECPDCL has also been acting as Bid Process Coordinator (BPC) for Inter-state as well as Intrastate transmission projects and RE-Bundling projects implemented through Tariff Based Competitive Bidding (TBCB). RECPDCL.
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