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 Ananthapuram-II Power Transmission Limited, a Special Purpose Vehicle (SPV) of an Inter-State Transmission System (ISTS) project, to M/s Shivalaya Construction Limited.

An official spokesperson said M/s Shivalaya Construction Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, which acted as the Bid Process Coordinator (BPC) for the project. “The transmission project will be developed on a Build, Own, Operate and Transfer (BOOT) basis and has an implementation period of 30 months,” he added.

The SPV was

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