Powergrid and L&T includes 7 companies in race for REC transmission project

Rural Electrification Corporation has received financial bids from seven infrastructure companies for laying transmission line to connect two power projects in Andhra Pradesh with the central grid.

REC is expected to decide on the winning bid for the two projects cumulatively worth Rs 3,000 crore by mid-March.

The companies that have shown interest in the transmission project are PowerGrid Corporation, Larsen and Toubro, Sterlite Grid, IVRCL, NCC Infrastructure Holding, Ind Bharath Power Gencom and Megha engineering consortium and Elecnor and KEC Intl consortium.

The build, operate, own and maintain project involves erecting 100 metres tall 765 kV D/C towers to evacuate power across the Godhavari river. Besides, the region is constantly prone to storm and cyclone.