Gurugram (27.10.2023): REC Power Development and Consultancy Ltd (RECPDCL) handed over the project-specific Special Purpose Vehicle (SPV) formed for the construction of Transmission Project viz, ‘Ramgarh II Transmission Limited to Power Grid Corporation of India (PGCIL) Limited on October 26, 2023.

 

The selection of Power Grid Corporation of India Limited was carried out through Tariff Based Competitive Bidding (TBCB) carried out by RECPDCL for the selection of a Transmission Service Provider in line with the Standard Bidding Documents and Guidelines thereof as notified by the Ministry of Power, Government of India.

 

The SPV work is associated with the ambitious 500 GW RE plan of the Government of India. The work involves implementation of a 765/400kV & 2x500 MVA 400/220 kV pooling station at Ramgarh along with 765kV D/c line (Ramgarh PS to Bhadla-3 PS) in Rajasthan. The project for implementation is targeted in 18 months. After implementation, it would help in the evacuation of RE power from Renewable Energy Zones (REZs) is Rajasthan.

 

The SPV has been handed over by Rajesh Kumar, CEO, RECPDCL to Pankaj Pandey, Executive Director, PGCIL in the presence of Jasbir Singh, Executive Director, CTUIL; P S Hariharan, CGM, RECPDCL and other senior officials of RECPDCL, CTUIL & PGCIL. With the handing over of the above SPV, RECPDCL successfully handed over 54 transmission projects till now costing around Rs 75,000 crore.