Team News Riveting
New Delhi, March 25
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, Ratle Kiru Power Transmission Limited to IndiGrid 2 Private Limited on Monday at Gurugram.
IndiGrid 2 Private 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 SPV was handed over by Shri T.S.C. Bosh, CEO, RECPDCL to Shri Puneet Singh Chauhan, Vice President & Head (Commercial), IndiGrid 2 Private Limited in the presence of Senior Officials of RECPDCL, IndiGrid 2 Private Limited and Central Transmission Utility of India Limited. The implementation period of the project is 24 months.
The scheme covers construction of 150 kms of 400 KV transmission line between Samba (J&K) & Jalandhar (Punjab), 35 kms of 400 KV line between Kishenpur (J&K) & Samba including other associated works. The estimated cost of the project is around Rs. 1,407.44 Crore.
