REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of the Ministry of Power, handed over a project-specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route, viz., Bellary Davanagere Power Transmission Limited, to M/s Power Grid Corporation of India Limited.
M/s Power Grid Corporation of India Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for the development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis.
The SPV was handed over by Shri Saurabh Rastogi, CEO, RECPDCL, to Sh. Pankaj Pandey, Executive Director, Power Grid Corporation of India Limited in the presence of Sh. Arup Samanta, GM & CS, Sh. Ashwini Kumar Das, GM, PGCIL, and other senior officials of RECPDCL, PGCIL, and CTUIL. The implementation period of the project is 24 months.
The scheme covers the augmentation of transformation capacity at Davanagere PS and Bellary PS, as well as the establishment of Bellary – Davanagere 2nd 400 kV Double Circuit line of around 72 km.
