New Delhi, Aug 15: REC Power Development and Consultancy Limited (RECPDCL) today said it has handed over Vizag Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to Adani Energy Solutions Limited which emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB).
The TBCB process was conducted by RECPDCL, which is a wholly-owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power.
The bidding process was conducted for development of inter-state transmission project “Transmission System for Proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I)” on a Build, Own, Operate and Transfer (BOOT) basis.
The SPV was handed over by Rajkumar Sonkar, HoD (CS), RECPDCL to Shashank Sharma, CBDO, Adani Energy Solutions Limited, in the presence of other officials of the two companies.
The transmission project broadly envisages establishment of 4×1500 MVA, 765/400 kV Pendurthi GIS substation and 3×1500, 765/400 kV Khammam-II substation, 765 kV D/c Line from Pendurthi to Srikakulam (226 km), Khammam-II to Warangal New (153 km), Khammam-II to Pendurthi (338 km), 400 D/c line Khammam-II to Khammam (existing) (60 km) along with associated works.
The project implementation schedule is 30 months at an estimated cost of Rs. 8,386 crores, RECPDCL said in a statement. (BVI)
