New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, handed over the project-specific Special Purpose Vehicle (SPV) of the HVDC Transmission Project under the TBCB route, Khavda V-A Power Transmission Limited, to Power Grid on Tuesday at Gurugram.
Power Grid had 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 transmission project on Build, Own, Operate & Transfer (BOOT) basis.
This is the first HVDC transmission project, whereby the award process has been concluded through TBCB route and handed over to PGCIL. The scheme covers establishment of 2 Nos. HVDC terminal stations of 6000 MW at KPS2 and Nagpur, + 800 kV HVDC Bipole line (Hexa Lapwing) from KPS2 to Nagpur (1200 km), 6x1500 MVA, 765/400 kV ICTs at Nagpur S/s along with associated works.
The SPV has been handed over by RECPDCL's CEO TSC Bosh to Power Grid's Executive Director Pankaj Pandey in the presence of senior officials of RECPDCL, Power Grid and Central Transmission Utility of India Limited. The implementation period of the project is 54 months.
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