REC’s subsidiary hands over SPV to Power Grid Corporation of India
POWER & RENEWABLE ENERGY

REC’s subsidiary hands over SPV to Power Grid Corporation of India

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, a Maharatna CPSE under the aegis of the Ministry of Power, handed over the project-specific SPV formed for the construc...

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, a Maharatna CPSE under the aegis of the Ministry of Power, handed over the project-specific SPV formed for the construction of Transmission Project, ‘ER NER Transmission’ to Power Grid Corporation of India.Power Grid Corporation of India has been the successful bidder of the Inter-State Transmission Project of the Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator. The winner selection had been carried out through Tariff Based Competitive Bidding (TBCB) for transmission developers in line with the standard bidding documents and guidelines as notified by the Ministry of Power. The work involves establishing 2 X 500 MVA ICT (AIS) at Banka along with associated works, upgradation of Namsai and associated works including around 77 km 220 kV double circuit transmission lines. The project for implementation is targeted in 36 months. With the handing over of the above SPV, RECPDCL successfully handed over 41 transmission projects, costing around `546.42 billion under the TBCB route.

Next Story
Infrastructure Energy

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000