REC arm hands over Kallam Transmission SPV to IndiGrid firms' consortium.

State-run REC recently said that its arm REC Power Development and Consultancy (RECPDCL) has handed over special purpose vehicle Kallam Transmission Ltd. to a consortium of infrastructure investment trust IndiGrid firms. The SPV has been set up for the construction of a transmission system for evacuating power from RE projects in Osmanabad area (1 GW) in Maharashtra.

REC Power Development and Consultancy Limited, a wholly-owned subsidiary of REC Ltd., handed over the project specific SPV to the consortium of IndiGrid 1 Limited and IndiGrid 2 Limited on 28th December, 2021, a company statement said.

According to the statement the consortium of IndiGrid 1 Limited and IndiGrid 2 Limited has been the successful bidder of the inter-state transmission project.

The selection of successful bidder was carried out through a tariff-based competitive bidding (TBCB) process.

ET