REC Power Development and Consultancy Limited (RECPDCL) has transferred Vizag Power Transmission Limited, the special purpose vehicle (SPV) for an inter-state transmission project in Karnataka, to Adani Energy Solutions Limited (AESL) under the tariff-based competitive bidding route.
The project is titled “Transmission System for Proposed Green Hydrogen / Green Ammonia Projects in Vizag Area, Andhra Pradesh (Phase-I).” The total consideration for the transaction is Rs 186.59, including applicable taxes, professional fees and reimbursement of expenses. The project is scheduled to be completed within 30 months from the date of transfer of the SPV.