REC’s subsidiary RECPDCL hands over ‘KPS1 Transmission Ltd’ to MEIL
Gurugram, 21 April: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Maharatna CPSU under the aegis of Ministry of Power, handed over the project specific Special Purpose Vehicle (SPV), formed for construction of Transmission Project viz., ‘KPS1 Transmission Limited to M/s Megha Engineering & Infrastructures Ltd. on 20th April, 2023.
M/s Megha Engineering & Infrastructures Ltd. has been the successful bidder of the Inter-State Transmission Project of Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator.
The SPV has been handed over by Shri Rahul Dwivedi, IAS, CEO, RECPDCL to Shri Pravin Sharad Dixit, Vice President, M/s Megha Engineering & Infrastructures Ltd. in the presence of Shri P.S. Hariharan, CGM, RECPDCL; Smt. Chandrakala, Company Secretary, MEIL; Shri Deepak Krishnan, Manager, CTUIL and other senior officials of RECPDCL, MEIL & CTUIL.
The selection of M/s Megha Engineering & Infrastructures Ltd. was carried out through Tariff Based Competitive Bidding (TBCB) for selection of Transmission Service Provider in line with the Standard Bidding Documents and Guidelines thereof as notified by Ministry of Power, Government of India.
The work involves implementation of KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line & augmentation of Khavda PS1. The project for implementation is targeted in 21 months.
With the handing over of the above SPV, RECPDCL successfully handed over 52 transmission projects till now costing around Rs. 70,974 crores.