New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over the project-specific SPV (special purpose vehicle), formed for the construction of transmission project viz., ‘Khavda II-A Transmission Limited’ to Adani Transmission Limited (ATL) on March 28.
Adani Transmission has been the successful bidder of the inter-state transmission project of the Ministry of Power and RECPDCL was the bid process coordinator, the company said in an official statement.
The SPV has been handed over by RECPDCL's CEO Rahul Dwivedi (IA) to Adani Transmission's Vice President Ishwar Kailashnath Dubey in the presence of senior officials of RECPDCL and Adani Transmission.
The selection of Adani Transmission was carried out through tariff-based-competitive-bidding (TBCB) for the selection of the transmission service provider in line with the standard bidding documents and guidelines thereof, as notified by the Ministry of Power.
The work involves the implementation of a 765 kV double circuit line from Khavda Pooling Station-2 (KPS2) to Lakadia. The project for implementation is targeted in 24 months.
With the handing over of the above SPV, RECPDCL successfully handed over 51 transmission projects till now, costing around Rs 69,872 crores.
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