REC’s wholly owned subsidiary -- REC Power Development and Consultancy (RECPDCL) has handed over special purpose vehicle (SPV) Kallam Transmission to a consortium of infrastructure investment trust IndiGrid firms. The SPV has been set up for the construction of a transmission system for evacuating power from RE projects in Osmanabad area (1 GW) in Maharashtra.
RECPDCL has handed over the project specific SPV to the consortium of IndiGrid 1 and IndiGrid 2 on December 28, 2021. The consortium of IndiGrid 1 and IndiGrid 2 has been the successful bidder of the inter-state transmission project. The selection of successful bidder was carried out through a tariff-based competitive bidding (TBCB) process.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
