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Projects: Indigrid-Tata take over project-specific SPVs

Fiinews by Fiinews
April 8, 2024
in Projects
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Kallam Transco-Jalpura Khuja Power to implement two transmission projects

REC Power Development and Consultancy Limited (RECPDCL) has handed over two project-specific Special Purpose Vehicles (SPVs) formed for implementation of two power transmission projects.

An SPV Kallam Transco Limited has been formed for “Western Region Network Expansion Scheme in Kallam area of Maharashtra”, an Inter State Transmission Project of Ministry of Power. The SPV https://www.siemens.com/global/en.html has been handed over to Indigrid 2 Limited & Indigrid 1 Limited (Consortium), the successful bidder.

Another SPV Jalpura Khurja Power Transmission Limited https://www.ge.com/ has been formed for “Construction of 400/220 kV, 2×500 MVA GIS substation Metro Depot (Greater Noida) with associated lines and 400/220 kV, 2×500 MVA GIS substation Jalpura”, an Intra-state project of Government of Uttar Pradesh. The SPV has been handed over to The Tata Power Company Limited https://www.tatapower.com/ , the successful bidder.

The SPVs have been handed over to the successful bidders on 5 April in the presence of CEO, RECPDCL, Rajesh Kumar and senior officials of RECPDCL, REC Limited, Central Transmission Utility of India Limited and Uttar Pradesh Power Transmission Corporation Limited.

RECPDCL was the Bid Process Coordinator for both the projects, being executed through tariff-based bidding process.

RECPDCL, a wholly owned subsidiary of REC Limited, has been providing knowledge-based consultancy and expert project implementation services to more than 50 State power distribution companies and Power Departments https://bombardier.com/en of States.

RECPDCL has been acting as Bid Process Coordinator (BPC) for Tariff Based Competitive Bidding (TBCB) in Transmission Line Projects and RE-Bundling projects.

Under PMDP projects, RECPDCL has been executing critical infrastructure upgradation projects in distribution and transmission sectors in the UT of J&K and Ladakh. With its expert consulting, project implementation and transaction advisory services, RECPDCL is playing a key role across the power sector value chain of the country. Fiinews

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