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REC's subsidiary RECPDCL handed over the 'Rajgarh Transmission Limited' the Project SPV to M/s G R Infraprojects Limited
Dated: May 30 2022

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Navaratna CPSU under the aegis of Ministry of Power, handed over the project specific SPV (Special Purpose Vehicle) formed for construction of Transmission Project viz., ‘Transmission system for evacuation of power from RE projects in Rajgarh (2500 MW) SEZ in Madhya Pradesh ‘to ‘M/s G R Infraprojects Limited’ on 30 th May 2022.

M/s G R Infraprojects Limited has been the successful bidder of the Inter-State Transmission Project of Ministry of Power, GoI and RECPDCL as BPC (Bid Process Coordinator).

The SPV has been handed over by Shri R. Lakshmanan, CEO, RECPDCL & Sh. T S C Bosh, Jt. CEO, RECPDCL to Shri Mr. Siba Narayan Nayak, President (Corporate Affairs and Development), from G R Infraprojects Limited in the presence of other senior officials of RECPDCL and G R Infraprojects Limited.

The selection of successful bidder was carried out through Tariff Based Competitive Bidding (TBCB) process for selection of Transmission Developers in line with the Standard Bidding Documents and Guidelines thereof as notified by Ministry of Power, Government of India. The work involves establishment of 400/220 kV, 3X500 MVA at Pachora pooling station and 400 kV D/c line from Pachora SEZ PP -Bhopal. The schedule of implementation of the scheme is 18 months from the date of transfer of SPV.

Page Last Updated At: 10/08/2022 - 04:12 PM
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