New Delhi, October 17: REC Power Development and Consultancy Limited (RECPDCL) , a wholly owned subsidiary of REC Limited , a Maharatna Central Public Sector Undertaking under the Ministry of Power, on Friday handed over SR WR Power Transmission Limited , a Special Purpose Vehicle (SPV) of an Inter-State Transmission System (ISTS) project, to M/s Power Grid Corporation of India Limited (PGCIL) .

The handover took place after Power Grid Corporation emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, which acted as the Bid Process Coordinator for the project. The transmission project will be developed on a Build, Own, Operate and Transfer (BOOT) basis with an implementation period of 24 month

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