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 arm hand over project-specific SPV to PowerGrid – EQ Mag Pro
Power Grid emerged as the successful bidder of the Inter-State Transmission Project of the Ministry of Power, Government of India, and RECPDCL as the Bid Process Coordinator. New Delhi : REC’s wholly owned subsidiary REC Power Development and Consultancy Limited (RECPDCL) handed over the project specific SPV (Special Purpose Vehicle) formed for construction of Transmission […]
