REC Limited’s board has approved a proposal to incorporate seven project-specific special purpose vehicles (SPVs) as wholly owned subsidiaries of REC Transmission Projects Company Limited. These projects include a transmission system for the evacuation of power from renewable energy projects in the Osmanabad area (1 GW) in Maharashtra, transmission systems for evacuation of power from renewable energy projects in Rajgarh (2,500 MW) special economic zone in Madhya Pradesh; transmission system for the evacuation of power from renewable energy projects in Gadag (2,500 MW) Part A and Bidar (2,500 MW) in Karnataka, as well as three transmission system strengthening schemes for power evacuation of 8.1 GW each from solar energy zones in Rajasthan.
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