Latest News | State-owned REC Hands over ERES-XXXIX Power Transmission to Tata Power
Get latest articles and stories on Latest News at LatestLY. State-owned REC Ltd on Thursday said its arm REC Power Development Consultancy has handed over a project-specific special purpose vehicle (SPV), ERES-XXXIX Power Transmission Ltd, to Tata Power Company Ltd.
New Delhi, Nov 14 (PTI) State-owned REC Ltd on Thursday said its arm REC Power Development Consultancy has handed over a project-specific special purpose vehicle (SPV), ERES-XXXIX Power Transmission Ltd, to Tata Power Company Ltd.
Tata Power Company Ltd emerged as the transmission service provider through a tariff-based competitive bidding process conducted by RECPDCL, the bid process coordinator, for development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis, REC said in a statement.
According to the statement, REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC Ltd, handed over project-specific SPV ERES-XXXIX Power Transmission Ltd to Tata Power Company on Thursday.
The project is targeted for implementation by December 2027.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)