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Private Sector | Multi State - India | PID: 203548
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REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC handed over a project specific special purpose vehicle (SPV) viz., Rajasthan-IV H-1 Power Transmission to Power Grid Corporation of India (PGCIL) on 15 October, 2024.
The entire shareholding of Rajasthan IV H1 Power Transmission, comprising of 50,000 equity shares, held by RECPDCL, has been transferred at par value along with all its assets and liabilities on 15 October, 2024 to the successful bidder selected through tariff-based competitive bidding process.
Power Grid Corporation of India (PGCIL) emerged as the transmission service provider (TSP) through TBCB process conducted by RECPDCL for development of a transmission project on build, own, operate & transfer (BOOT) basis.
The project covers establishment of 765/400 kV (2x1500 MVA), 400/220 kV (2x500 MVA) & 220/132 kV (3x200 MVA) Kurawar sub-station with 2x330 MVAR, 765 kV bus reactor and 1x125 MVAR, 420 kV bus reactor along with associated works. The project is targeted for implementation in 24 months.
| Updated on: 22 - Oct - 2024
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