RECPDCL hands over project-specific SPV to Tata Power Company Ltd

New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over a project specific SPV (Special Purpose Vehicle), ERES-XXXIX Power Transmission Limited, to Tata Power Company Limited on Thursday at Gurugram.

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

The Tata Power Company Limited 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.

The scheme covers establishment of 765/400 kV, 2 X1500 MVA GIS substation at Gopalpur in Odisha, 199 Kms of 765 kV line and 25 Kms of 400 kV line along with associated works.

The SPV was handed over by TSC Bosh, CEO, RECPDCL, to Tarun Katiyar, CEO, Tata Power Trading Company Limited, in the presence of Senior Officials of RECPDCL, Tata Power Company Limited and Central Transmission Utility of India Limited. The project is targeted for implementation by December 2027.

(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.)