REC’s wholly-owned subsidiary -- REC Power Development and Consultancy (RECPDCL) has handed over six special purpose vehicles (SPVs) to Power Grid Corporation of India. The Special Purpose Vehicles are mostly for construction of transmission projects in Gujarat.
RECPDCL has handed over 6 projects' specific SPVs mostly formed for the construction of transmission projects in Khavda region through tariff-based-competitive bidding process on March 21, 2023. Power Grid Corporation of India was the successful bidder for all of the 6 projects of the Ministry of Power.
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.
