REC Power Development and Consultancy Limited (RECPDCL) has handed over two project-specific special purpose vehicles (SPVs) formed for implementation of two power transmission projects.
The SPV Kallam Transco Limited has been formed for “Western Region Network Expansion Scheme in Kallam area of Maharashtra”, an inter state transmission project of Ministry of Power. The SPV has been handed over to Indigrid 2 Limited and Indigrid 1 Limited (Consortium), the successful bidder. Another SPV Jalpura Khurja Power Transmission Limited has been formed for “Construction of 400/220 kV, 2×500 MVA GIS substation Metro Depot (Greater Noida) with associated lines and 400/220 kV, 2×500 MVA GIS substation Jalpura”, an intra-state project of Government of Uttar Pradesh. The SPV has been handed over to Tata Power Company Limited, the successful bidder.
