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RECPDCL handed over two special purpose vehicles of transmission projects to Power Grid Corporation

REC Power Distribution Company Limited (RECPDCL), a wholly owned subsidiary of REC Limited under Ministry of Power, yesterday awarded two projects to M/s Power Grid Corporation of India Limited in the presence of CEO and Joint CEO of RECPDCL and officials of Power Grid Corporation of India Limited. Hand over the Special Purpose Vehicle (SPV) ‘Fatehgarh Bhadla Transco Limited’ and ‘Sikar New Transmission Limited’.
M/s Power Grid Corporation of India Limited was selected through Tariff Based Competitive Bidding (TBCB) based tariff for selection of Transmission Developers as per the Standard Bidding Documents and Guidelines notified by the Ministry of Power, Government of India.
About REC Limited REC Limited is a Navratna NBFC under the Ministry of Power focused on Power Sector Financing & Development across India. Established in 1969, REC Limited has completed 50 years of its operation. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electricity cooperative unions and private sector utilities. Its business activities include financing projects across the entire value chain of the power sector, generation, transmission, distribution projects and renewable energy projects in a variety of projects.