REC's arm incorporates 3 transmission SPVs as subsidiaries
Date: 03-12-2015REC Transmission Projects, subsidiary of Rural Electrification Corporation (REC) has incorporated three project specific Special Purpose Vehicles (SPVs) as its subsidiaries.
The three SPVs are -- North Karanpura Transco, Khargone Transmission and Dinchang Transmission.
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.