RECPDCL hands over SPV to Power Grid Corporation

Power grid corporation of India emerged as the transmission service provider (TSP) through tariff-based competitive bidding (TBCB) process conducted by REC Power Development and Consultancy Limited (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, has handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan IV 4A Power Transmission Limited to Power Grid Corporation of India Limited at Gurugram.

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Power Grid Corporation of India 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.
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 S/s near Ghiror (Uttar Pradesh), Augmentation of Barmer -I Pooling Station, 283.05 Kms of 765 kV line and 43.28 Kms of 400 kV line along with associated works. The estimated cost of the project is Rs. 5378.03 Crores.
The SPV was handed over by T.S.C. Bosh, CEO, RECPDCL to Satyaprakash Dash, Company Secretary, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, Power Grid Corporation of India Limited and Central Transmission Utility of India Limited. The project is targeted for implementation in 24 months.