RECPDCL Handovers 1 No. SPV viz. ERES-XXXIX Power Transmission Limited to Tata Power Company Limited

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over the project specific SPV (Special Purpose Vehicle). viz, ERES-XXXIX Power Transmission Limited to Tata Power Company Limited on 14^th November, 2024 at Gurugram. 

The Tata Power Company Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis.

The scheme covers establishment of 765/400 kV, 2 X1500 MVA GIS substation at Gopalpur in Odisha, 199 Kms of 765 kV line and 25 Kms of 400 kV line along with associated works.

The SPV was handed over by Shri T.S.C. Bosh, CEO, RECPDCL to Shri Tarun Katiyar, CEO, Tata Power Trading Company Limited in the presence of Senior Officials of RECPDCL, Tata Power Company Limited and Central Transmission Utility of India Limited. The project is targeted for implementation by Dec’ 2027.

About REC Limited: REC Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Ltd. has completed over fifty-five years in the area of its operations. It provides financial assistance to complete power-sector value chain; for various types of projects including Generation, Transmission & Distribution and Renewable Energy. Recently, REC has also diversified into non-power Infrastructure &; Logistics sector to cover areas such as airports, metro, railways, ports, bridges, etc.

About RECPDCL: REC Power Development and Consultancy Limited, RECPDCL, a wholly owned subsidiary of REC Limited, has been providing knowledge-based consultancy and expert project implementation services to several State power distribution companies/Power Departments of States. RECPDCL has also been implementing transmission projects in UTs of J&K and Ladakh.

RECPDCL has also been acting as Bid Process Coordinator (BPC) for Inter-state as well as Intrastate transmission projects and RE-Bundling projects implemented through Tariff Based Competitive Bidding (TBCB). RECPDCL with its expert consulting, project implementation and transaction advisory services is thus playing a key role across the power sector value chain of the country.