New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over its project specific SPV (Special Purpose Vehicle) - Meerut Shamli Power Transmission Limited formed for “Construction of Meerut (765 kV) – Shamli 400 kV D/C Line” in the state of Uttar Pradesh to M/s Megha Engineering & Infrastructures Limited.
Megha Engineering & Infrastructures Limited (MEIL) had emerged as the successful bidder in the Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL for the intra-state transmission project of Govt. of Uttar Pradesh.
RECPDCL acted as the Bid Process Coordinator on behalf of Uttar Pradesh Power Transmission Corporation Limited.
The SPV was handed over to MEIL in presence of RECPDCL General Manager (Engg.) Satybaan Sahoo and other officials from RECPDCL & UPPTCL.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)