REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of state-owned REC Limited, has transferred the KPS1 Transmission Ltd project-specific Special Purpose Vehicle (SPV) to Megha Engineering & Infrastructures.
This marks the 52nd transmission project handover by RECPDCL, with a total value of around ₹70,974 crores, according to a Ministry of Power statement.
The handover was executed by RECPDCL CEO Rahul Dwivedi to Megha Engineering & Infrastructures Vice President Pravin Sharad Dixit. Megha Engineering & Infrastructures emerged as the successful bidder for the Ministry of Power’s Inter-State Transmission Project, with RECPDCL acting as the bid process coordinator.
Megha Engineering & Infrastructures Ltd has been the successful bidder of the Inter-State Transmission Project of Ministry of Power, and RECPDCL was the bid process coordinator, a statement said.
The company’s selection followed a tariff-based competitive bidding (TBCB) process in accordance with the Ministry of Power’s standard bidding documents and guidelines. The project entails the implementation of the KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line and the augmentation of Khavda PS1, with a 21-month target completion timeframe.
