REC Power Development and Consultancy Limited (RECPDCL) has handed over five project-specific special purpose vehicles (SPV), formed for inter-state transmission projects (ISTS), through tariff-based competitive bidding process (TBCB). Power Grid Corporation of India Limited, Indigrid 2 Limited and Indigrid 1 Limited (Consortium) and Apraava Energy Private Limited emerged as the successful bidders for the ISTS transmission projects of Ministry of Power. Additionally, RECPDCL handed over letters of award (LoA) to successful bidders, namely, Avaada Energy and Juniper Green Energy Private Limited, for setting up 100 MW wind power projects of Damodar Valley Corporation (DVC).
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