RECPDCL hands over WRSR Power Transmission to Adani Transmission

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over project specific special purpose vehicle (SPV), WRSR Power Transmission Limited, to Adani Transmission Limited (ATL).

With this, the entire shareholding of WRSR Power Transmission, comprising of 50,000 equity shares, presently held by RECPDCL, has been transferred at par value along with all its assets and liabilities to ATL. With this, the project specific SPV is no longer a subsidiary of RECPDCL and REC. ATL was selected as the successful bidder through tariff based competitive bidding process to establish “ISTS Network Expansion scheme in Western Region & Southern Region for export of surplus power during high RE scenario in Southern Region”.