REC Transmission Projects Company Limited (RECTPCL), a wholly owned subsidiary of Rural Electrification Corporation Ltd (REC), – a ‘Navratna’ Central Public Sector Undertaking, under Ministry of Power, has handed over project specific Special Purpose Vehicle (SPV) namely ERSS XXI Transmission Limited to M/s Power Grid Corporation of India Limited (PGCIL) on 12 th January, 2017 in the presence of Director (Technical), REC Limited.
CEO (RECTPCL), ED (PGCIL) and other officials of RECTPCL & PGCIL were also present during the event. Competing alongside with the private players in the sector, M/s Power Grid Corporation of India Limited quoted the lowest levellised tariff. Transmission Project involves establishment of three Sub-stations, four transmission lines and two Sub-station extension works in Eastern region. The selection was carried out based on the Standard Bidding Documents and Guidelines notified by Ministry of Power, Government of India for selection of transmission developers on Build, Own, Operate & Maintain (BOOM) basis through Tariff Based Competitive Bidding route.