The Board of REC at its meeting held on 04 February 2022 has approved the incorporation of twelve (12) project-specific special purpose vehicles, as wholly owned subsidiaries of REC Power Development & Consultancy (RECPDCL), for development of inter-state transmission projects allocated by Ministry of Power, Government of India.
The Board also approved the sale and transfer of Gadag Transmission to ReNew Transmission Ventures, the successful bidder selected through tariff based competitive bidding process.
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