Rural Electrification Corporation (REC) has received an approval from its board for incorporation of project specific Special Purpose Vehicle (SPV), as wholly owned subsidiary of REC Transmission Projects Company for construction of 400 kV Udupi (UPCL)-Kasargode D/C line and Kasargode Substation. The company to be incorporated will also be subsidiary company of REC.
The Board of Directors of the Company at its meeting held on September 25, 2018 has approved the same.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.
