RECPDCL handover SPVs of ISTS and Khavda V-B1B2 to Power Grid Corporation

Power Grid Corporation of India Limited emerged as the Transmission Service Providerto develop both the transmission projects on build, own, operate and transfer basis, through Tariff-Based Competitive Bidding process conducted by RECPDCL.

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over 2 No. of project specific SPVs (Special Purpose Vehicle) of ISTS Transmission Projects under TBCB route viz, Bidar Transco Limited and Khavda V-B1B2 Power Transmission Limited to Power Grid Corporation of India Limited at Gurugram.

Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) to develop both the transmission projects on Build, Own, Operate & Transfer (BOOT) basis, through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator.

The SPVs were handed over by T.S.C. Bosh, CEO, RECPDCL to Pankaj Pandey, Executive Director, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, PGCIL and Central Transmission Utility of India Limited. The implementation period for both the projects is 24 months.

The schemes are intended for augmentation of transformation capacity at Bidar Pooling Station in Karnataka State and augmentation of transformation capacity at KPS1 & KPS2 Substations in Gujarat State for evacuation of Power from RE Power Generators.