Gurugram, Feb. 9 -- REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited the NBFC Maharatna Company, CPSU under the aegis of Ministry of Power, handed over five project specific SPVs (Special Purpose Vehicles), formed for construction of Inter State Transmission Projects through tariff based bidding process on 09th February 2024.

M/s Power Grid Corporation of India Limited (PGCIL), M/s Indigrid 2 Limited & Indigrid 1 Limited (Consortium) and M/s Apraava Energy Private Limited were the successful bidders for the ISTS Transmision Projects of Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator.

The SPVs were handed over to M/s Power Grid Corporation of India Limite...