 Agencies
GURUGRAM, Mar 25: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited and a Maharatna CPSU under the Ministry of Power, successfully handed over three Special Purpose Vehicles (SPVs) for transmission projects to Power Grid Corporation of India Limited (PGCIL). The formal handover took place in Gurugram.
PGCIL emerged as the Transmission Service Provider (TSP) through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, which served as the Bid Process Coordinator. These transmission projects will be developed under the Build, Own, Operate, and Transfer (BOOT) model.
The SPVs were officially handed over by Shri T.S.C. Bosh, CEO of RECPDCL, to Shri Pankaj Pandey, Executive Director of PGCIL, in the presence of senior officials from RECPDCL, PGCIL, and the Central Transmission Utility of India Limited.
Details of the Transmission Projects:
Banaskantha Transco Limited: This project involves the augmentation of transformation capacity at the Banaskantha (Raghanesda) Pooling Station (GIS). The scope includes the installation of 2×500 MVA, 400/220 kV ICTs along with associated works. The estimated cost of the project is ?143.35 crore.
Kurnool-IV Transmission Limited: This project entails the establishment of a 4×1500 MVA, 765/400 kV and 4×500 MVA, 400/220 kV Kurnool-IV Pooling Station near Kurnool, Andhra Pradesh. Additionally, it includes 765 kV transmission lines spanning 375 km from Kurnool-IV to Bidar and 127 km from Kurnool-IV to Kurnool-III, along with other related works. The estimated project cost is ?4,727.05 crore.
Rajasthan V Power Transmission Limited: The project focuses on setting up a transmission system for the immediate evacuation of power from the Sirohi substation (2 GW) and a common evacuation system from Sirohi PS (2 GW) and Merta-II PS (2 GW). The estimated cost of this project stands at ?4,736.23 crore.
The execution timeline for all three projects is set at 24 months, contributing significantly to India's power transmission infrastructure. This strategic transfer is expected to enhance power evacuation capabilities and strengthen the national grid, ensuring efficient power distribution across multiple regions. |
