In Short : REC Power Development and Consultancy Limited (RECPDCL) has transferred the Davanagere Power Transmission SPV to Power Grid Corporation of India (POWERGRID) after it emerged as the top bidder in a Tariff-Based Competitive Bidding process. Valued at ₹366.26 crore, the project involves installing new transformers and 220 kV line bays, enhancing regional transmission […]
REC Transfers Two Project Specific SPVs to PowerGrid
REC announced that Fatehgarh Bhadla Transco (FBTL), a special purpose vehicle (SPV) and wholly owned subsidiary of REC Power Distribution Company (RECPDCL), which is a wholly owned subsidiary of REC, was incorporated for Transmission system strengthening for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase II-Part B. Further, Sikar New […]
