REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over five project-specific special purpose vehicles (SPV), formed for inter state transmission projects (ISTS), through tariff-based competitive bidding process.
Power Grid Corporation of India Limited (PGCIL), Indigrid 2 Limited and Indigrid 1 Limited (Consortium) and Apraava Energy Private Limited emerged as the successful bidders for the ISTS transmission projects of Ministry of Power (MoP). RECPDCL was the bid process coordinator. Additionally, RECPDCL handed over letters of award (LoA) to successful bidders, namely, Avaada Energy Private Limited and Juniper Green Energy Private Limited, for setting up 100 MW wind power projects of Damodar Valley Corporation. These LoAs have been given under the “Scheme for flexibility in Generation and Scheduling of Thermal / Hydro Power Stations through bundling with Renewable Energy and Storage Power” of the MoP.
(Central)