REC’s wholly owned subsidiary -- REC Power Development and Consultancy (RECPDCL) has handed over a project specific SPV (Special Purpose Vehicle) viz, Rajasthan IV-A Power Transmission to M/s Apraava Energy (AEPL). The project will facilitate evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex).
AEPL emerged as the Transmission Service Provider (TSP) through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the above transmission project on Build, Own, Operate & Transfer (BOOT) basis. The project covers construction of 765/400 kV, 4x1500 MVA & 400/220 kV, 5x500 MVA Pooling Station at Fategarh -IV, 184.56 Kms of 400 kV line and associated works.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
Company Name | CMP |
---|---|
Power Finance Corp | 453.75 |
REC | 491.05 |
Indian Railway Finance | 141.60 |
Satin Creditcare | 148.05 |
MAS Financial Serv | 277.25 |
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