New Delhi: REC Power Development and Consultancy Limited (RECPDCL), the wholly owned subsidiary of REC Limited - the NBFC Maharatna CPSU under the aegis of Ministry of Power, handed over six project specific special purpose vehicles (SPV), mostly formed for the construction of transmission projects in Khavda region through tariff based competitive bidding process at a function here recently. Power Grid Corporation of India Limited (PGCIL) was the successful bidder for all of the six projects of the Ministry of Power, Government of India, and RECPDCL was the bid process coordinator.
The SPVs were handed over by Rahul Dwivedi, IAS, CEO, RECPDCL, to AK Singhal, Executive Director, Power Grid Corporation of India Limited in the presence of Vivek Kumar Dewangan, CMD, REC Limited. Dwivedi said: “RECPDCL is putting in all possible efforts to ensure the growth of new renewable power reforms to cater to the electricity capacity of the country. Tariff-based competitive bidding for the development of transmission systems for evacuation of RE power is one such mission and we are here today to celebrate the golden jubilee of successfully completing the bidding of 50 projects being done through the TBCB route.”
Vivek Kumar Dewangan, CMD, REC Limited, said: “REC Limited is contributing to the development of power sector projects (in Generation, Transmission, and Distribution) in the form of project financing, project implementation and monitoring. They are also into construction of 4 Nos. of 220kV GIS and AIS substations along with associated 220kV transmission lines of approximately 275 km at the world’s highest altitude of 3000-5000 meters above MSL in the Ladakh region.”
Ajoy Choudhury, Director, Finance, REC Limited, Vijay Kumar Singh, Director, Technical, REC Limited, TSC Bosh, Executive Director, REC Limited, Abhay Choudhary, Director, Projects, Power Grid Corporation of India Limited, PS Hariharan, CGM, RECPDCL, Vijay Kulkarni, Senior GM, RECPDCL, Vikram Singh Bhal, Executive Director, CTUIL, Atul Agrawal, Senior GM, CTUIL, Deepak Krishnan, Manager, CTUIL and officials from the Ministry of Power, Central Electricity Authority (CEA), Central Transmission Utility of India (CTUIL), state utilities, various central and state nominated committee members were also present on the occasion. /BI/
