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flag REC Power Development transfers two SPVs to PGCIL for power projects in Bidar and Gujarat.

flag REC Power Development and Consultancy Limited (RECPDCL) transferred two Special Purpose Vehicles (SPVs) to the Power Grid Corporation of India Limited (PGCIL) on February 18 in Gurugram. flag These SPVs involve transmission projects aimed at enhancing power evacuation capacity in Bidar, Karnataka, and Gujarat. flag PGCIL will develop the projects under a Build, Own, Operate, and Transfer (BOOT) model over 24 months, following a competitive bidding process.

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