REC Power Development and Consultancy Limited (RECPDCL), a wholly owned unit of REC Limited, transferred WRNES Talegaon Power Transmission Limited to Adani Energy Solutions Limited on May 30, a company statement said. The cost of the project, which is a specific project SPV (special purpose vehicle) of ISTS Transmission Project under TBCB route, is around Rs 1,807.46 crore.
The Adani group firm emerged as the transmission service provider (TSP) via tariff-based competitive bidding (TBCB) process conducted by RECPDCL for the development of the project on build, own, operate and transfer basis, the statement said.
“The SPV was handed over by Shri TSC Bosh, CEO, RECPDCL to Shri Sanjay Arvind Johri, Vice President (BD), Adani Energy Solutions Limited in the presence of Senior Officials of RECPDCL, Adani Energy Solutions Limited and Central Transmission Utility of India Limited. The implementation period of the project is till 01.01.2028.” the company said.
The scheme covers establishment of 765/400 kV (2x1500 MVA) Substaion near South of Kalamb, LILO of approx. 89.18 km of 765 KV Pune-III to Boisar-II line along with other associated works.
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