REC Power Development & Consultancy Ltd (RECPDCL), a wholly owned subsidiary of REC Ltd, handed over a project SPV (special purpose vehicle) “Tumkur-II REZ Power Transmission Ltd” to G R Infraprojects Ltd (GRIL) on September 3, 2024, at Gurugram.
Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has transferred to project special purpose vehicles (SPV) for the development of as many interstate transmission system (ISTS) projects to their winning developers – Adani Energy Solutions Ltd (AESL) and Sterlite Power, respectively – selected under the tariff-based competitive bidding (TBCB) mechanism.