New Delhi, July 30: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over two project-specific Special Purpose Vehicles (SPVs) for inter-state transmission projects to their respective successful bidders. The handover took place on July 29 after the bidders were selected through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL as the Bid Process Coordinator.
The two SPVs handed over are Bhadla Ramgarh Power Transmission Limited, awarded to Power Grid Corporation of India Limited, and Shongtong Power Transmission Limited, awarded to Terralight Solar Energy Tinwari Private Limited. Both projects will be implemented on a Build, Own, Operate and Transfer (BOOT) basis.
The Bhadla Ramgarh Power Transmission Limited SPV relates to the inter-state transmission project titled “Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG)”. The SPV was handed over by Ratnesh Kumar, General Manager (Engineering), RECPDCL, to Arup Samanta, Company Secretary, Power Grid Corporation of India Limited, in the presence of Rajkumar Sonkar, Head of Department (Company Secretary), RECPDCL, and senior officials from RECPDCL, Power Grid Corporation of India Limited and Central Transmission Utility of India Limited.
The project involves augmentation of the 400/220 kV Bhadla-III Pooling Station, 765/400 kV Ramgarh Pooling Station and 765/400 kV Kanpur Pooling Station, along with associated works. It is scheduled for completion by January 20, 2029, with an estimated project cost of Rs 1,035 crore.
The Shongtong Power Transmission Limited SPV pertains to the project titled “Transmission system for evacuation of power from Shongtong Karcham HEP (450 MW) and Tidong HEP (150 MW)”. The SPV was handed over by Rajkumar Sonkar, HoD (CS), RECPDCL, to Puneet Singh Chauhan, Senior Vice President and Head (Commercial & Business Development), Terralight Solar Energy Tinwari Private Limited, in the presence of Ratnesh Kumar, GM (Engineering), RECPDCL, and senior officials of RECPDCL, Terralight Solar Energy Tinwari Private Limited and Central Transmission Utility of India Limited.
The project envisages establishment of a 400/220 kV GIS Jhangi Pooling Station in Himachal Pradesh, construction of a 50-km 400 kV double-circuit transmission line from Jhangi Pooling Station to Wangtoo, a 175-km 400 kV Panchkula–Wangtoo transmission line, along with other associated works. The project is targeted for completion within 30 months at an estimated cost of Rs 2,286 crore.
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