RECPDCL hands over two SPVs of inter state transmission projects UPDATED

REC Power Development and Consultancy Limited (RECPDCL) handed over two project-specific Special Purpose Vehicles (SPVs), namely Jam Khambhaliya Jamnagar Power Transmission Limited and Lakadia II Power Transmission Limited, to the respective successful bidders on October 12.

The projects were awarded through the Tariff-Based Competitive Bidding (TBCB) route, with RECPDCL as the Bid Process Coordinator, for development of the projects on a Build, Own, Operate and Transfer (BOOT) basis. The SPVs were formally handed over by T. S. C. Bosh, Director (Projects), REC Limited, in presence of other officials from RECPDCL and the respective developers.

Power Grid Corporation of India Limited (PGCIL) emerged as the successful bidder for the inter-state transmission project titled “Transmission system for Integration of Power from RE Projects in Lakadia REZ in Gujarat-Phase II (7500MW)”.

The SPV was handed over to Arup Samanta, General Manager (CS), PGCIL, in the presence of Amit Bhargav, ED (TBCB), PGCIL, and other senior officials from PGCIL and RECPDCL.

Likewise, Ceigall India Limited emerged as the successful bidder for the inter-state transmission project titled “Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) - Part-B”.

The SPV was handed over to Ayyalusamy Saravanan, CEO, Ceigall India Limited, in the presence of other senior officials from Ceigall India Limited and RECPDCL.