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 Megha Engineering & Infrastructures Ltd on 20th April 2023. With the handing over of this SPV, RECPDCL successfully handed over 52 transmission projects till now costing around ₹70,974 crores.
The SPV has been handed over by Rahul Dwivedi, CEO- RECPDCL to Pravin Sharad Dixit, Vice President- Megha Engineering & Infrastructures Ltd at function in Gurugram last evening in the presence of PS Hariharan, CGM- RECPDCL and other senior officials of RECPDCL, MEIL & CTUIL.
Megha Engineering & Infrastructures Ltd was the successful bidder of the Inter-State Transmission Project of Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator.
Selection of 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 notified by Ministry of Power, Government of India.
Work involves implementation of KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line & augmentation of Khavda PS1. The project is targeted to be implemented in 21 months.
