RECPDCL delivers Rajasthan Power Transmission Project SPV to Dineshchandra R. Agrawal Infracon

Gurugram: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of  Maharatna REC, has handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan IV 4B Power Transmission Limited to Dineshchandra R. Agrawal Infracon Private Limited on December 30 at Gurugram.

Dineshchandra R. Agrawal Infracon Private Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis, according to an REC press note. 

The transmission scheme is planned for evacuation of 3.5 GW of RE power from Rajasthan Renewable Energy Zone, which covers establishment of 765/400 kV, 2 X1500 MVA substation near Merta (Rajasthan), 577.97 Kms of 765 kV line and 72.8 Kms of 400 kV line along with associated works. 

The SPV was handed over by RECPDCL Chief Executive  T.S.C. Bosh,  to Amit Kumar, Sr. Vice  President, Dineshchandra R. Agrawal Infracon  in the presence of Senior Officials of RECPDCL, Dineshchandra R. Agrawal Infracon Private Limited and Central Transmission Utility of India Limited. The project is targeted for implementation in 24 months.