REC has informed that the Board of Directors in its meeting held on March 9, 2023 approved:- (1) Incorporation of two Project Specific Special Purpose Vehicles (SPVs), as wholly owned subsidiary companies of REC Power Development and Consultancy Limited (RECPDCL) for selection of bidder as Transmission Service Provider, through tariff based competitive bidding route; (2) Sale and transfer of 7 (seven) Project Specific SPVs to the successful bidder selected through tariff based competitive bidding route Details as per letter attached.
The above information is a part of company’s filings submitted to BSE.
