REC’s subsidiary RECPDCL handed over SPV ‘MP Power Transmission Power Package-I Limited “ to M/s Megha Engineering & Infrastructures Limited on 21st January,2023

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New Delhi, Jan 23: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited the NBFC Maharatna Company, CPSU under the aegis of Ministry of Power, handed over the project specific SPV (Special Purpose Vehicle), formed for construction of Transmission Project viz., ‘MP Power Transmission Power Package-I Limited “to M/s Megha Engineering & Infrastructures Limited on 21^st January 2023.

M/s Megha Engineering & Infrastructures Limited   has been the successful bidder of the Intra-State Transmission Project of Government of Madhya Pradesh and RECPDCL was the Bid Process Coordinator.

The selection of M/s Megha Engineering & Infrastructures Limited was carried out through Tariff Based Competitive Bidding (TBCB) carried for selection of Transmission Developers in line with the Standard Bidding Documents and Guidelines thereof as notified by Ministry of Power, Government of India.

The work involves implementation 17 substation and associated transmission line of approximately 370 Km . The project  implementation is targeted to be completed in 24 months.

With the handing over of the above SPV, RECPDCL successfully handed over 44 transmission project till now costing around Rs 58,515 crores.