New Delhi (30.08.2024): REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, handed over a project specific Special Purpose Vehicle (SPV) viz Bhadla-III Power Transmission Limited to Power Grid Corporation of India Limited (PGCIL) on August 28, 2024 at Gurugram.
PGCIL 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 above transmission project on Build, Own, Operate & Transfer (BOOT) basis.
The project covers augmentation of Bhadla-III PS with 765/400 kV, 2x1500 MVA & 400/220 kV, 2x500 MVA Interconnecting Transformers (ICT) and associated works.
The SPV was handed over by T S C Bosh, CEO, RECPDCL to Pankaj Pandey, Executive Director, PGCIL and Satyaprakash Dash, Company Secretary, PGCIL in the presence of Senior Officials of RECPDCL, PGCIL and Central Transmission Utility of India Limited. The project is targeted for implementation in 18 months.
