RECPDCL hands over Gadagtransmission project SPV to ReNewTransmission Ventures

REC Power Development and Consultancy Limited (RECPDCL) has handed over the project-specific special purpose vehicle (SPV) formed for the construction of Transmission Scheme for Solar Energy Zone in Gadag (2,500 MW), Karnataka – Part A to ReNew Transmission Ventures Private Limited.

RECPDCL acted as the bid process coordinator for the project. The selection of successful bidder was carried out through the tariff based competitive bidding (TBCB) process for selection of transmission developers in line with the standard bidding documents and guidelines thereof as notified by the Ministry of Power (MoP). The scope of work of this inter-state transmission system (ISTS) projectinvolves establishing a 400/220 kV, 2×500 MVA pooling station at Gadag and 400kV double circuit (D/C) transmission line from Gadagpooling station(PS)-Narendra (new) PS.