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 6 projects’ specific Special Purpose Vehicles (SPV), mostly formed for the construction of Transmission Projects in Khavda region through Tariff Based Competitive Bidding process on 21st March 2023.
M/s Power Grid Corporation of India Limited (PGCIL) was the successful bidder for all of the 6 Projects of the Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator.
The SPVs were handed over by Shri Rahul Dwivedi, IAS, CEO, RECPDCL to Shri AK Singhal, Executive Director of M/s Power Grid Corporation of India Limited in the presence of Shri Vivek Kumar Dewangan, CMD, REC Limited, Shri Ajoy Choudhury, Director (Finance), REC Limited, Shri Vijay Kumar Singh, Director (Technical), REC Limited, Shri t.s.c. Bosh, Executive Director, REC Limited, and Shri Abhay Choudhary, Director (Projects), Power Grid Corporation of India Limited.
