RECPDCL hands over NERGS-I power transmission SPV to Techno Electric

New Delhi: REC Power Development and Consultancy Limited (RECPDCL) has transferred the ownership of 'NERGS-I Power Transmission Limited' to Techno Electric & Engineering Company Limited. RECPDCL is a wholly-owned subsidiary of REC Limited, a Maharatna PSU under the Ministry of Power.

According to an official statement from REC, RECPDCL has handed over 'NERGS-I' Special Purpose Vehicle (SPV) during a ceremony held on Tuesday.

PSU Watch is now on Whatsapp Channels. Click here to join

The SPV was established to develop a new 400 kV switching station at Bokajan in Assam and manage the loop-in and loop-out (LILO) of both circuits of the Misa – New Mariani 400 kV D/c line at Bokajan. Techno Electric & Engineering Company Limited secured the project through a Tariff-based Competitive Bidding (TBCB) process, which was coordinated by RECPDCL.

The official handover was conducted by RECPDCL's CEO TSC Bosh to Dinesh Parikh, General Manager (Commercial) of Techno Electric & Engineering Company Limited, in the presence of senior officials from RECPDCL, Central Transmission Utility (CTU) of India Limited, and Techno Electric.

(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.)