REC to incorporate 5 projects SPVs for transmission projects
REC in a regulatory filing to BSE has informed that the board of directors of REC has appproved the proposal for incorporation of five project specific Special Purpose Vehicles (SPVs).
These special purpose vehicles are incorporated for construction of transmission system strengthening for relieving over loadings observed in Gujarat Intra state system due to RE injections in Bhuj PS; transmission system associated with RE generations at Bhuj —Il, Dwarka & Lakadia; construction of Ajmer (PG)-Phagi 765kV D/ C line aIong with associated bays for Rajasthan SEZ; Jam Khambhaliya Pooling Station and Interconnection of Jam Khambhaliya Pooling Station for providing connectivity to RE projects (1,500MW) in Dwarka (Gujarat) and installation of 400/220 kY lCT along with associated bays at M/s CGPL Switchyard; and Transmission system associated with L.TA applications from Rajasthan SEZ Part C.
The companies to be incorporated will also be subsidiary companies of REC Limited in terms of the provisions of Section 2 (87) of the companies Act, 2013.
@EPC World Media