REC Power Development and Consultancy Limited (RECPDCL) has handed over two project-specific special purpose vehicles (SPVs) formed for the implementation of two power transmission projects. The SPVs, Khavda IV-E2 Power Transmission Limited and NERES XVI Power Transmission Limited, are established for executing interstate transmission schemes. Power Grid Corporation of India Limited (Powergrid) secured the bid for the ISTS scheme aimed at evacuating power from the potential renewable energy zone in the Khavda area of Gujarat under Phase IV (7 GW): Part E2. Techno Electric & Engineering Company Limited was selected for the North Eastern Region Expansion Scheme XVI (NERES XVI).
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