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Business News/ Companies / News/  Megha Engineering acquires KPSI transmission project from RECPDCL
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Megha Engineering acquires KPSI transmission project from RECPDCL

This marks the 52nd transmission project handover by RECPDCL, with a total value of around ₹70,974 crores

RECPDCL hands over KPSI transmission project to Megha Engineering and Infrastructure(Getty Images/iStockphoto) (HT_PRINT)Premium
RECPDCL hands over KPSI transmission project to Megha Engineering and Infrastructure(Getty Images/iStockphoto) (HT_PRINT)

New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of state-owned REC Limited, has transferred the KPS1 Transmission Ltd project-specific Special Purpose Vehicle (SPV) to Megha Engineering & Infrastructures. 

This marks the 52nd transmission project handover by RECPDCL, with a total value of around 70,974 crores, according to a Ministry of Power statement.

The handover was executed by RECPDCL CEO Rahul Dwivedi to Megha Engineering & Infrastructures Vice President Pravin Sharad Dixit. Megha Engineering & Infrastructures emerged as the successful bidder for the Ministry of Power's Inter-State Transmission Project, with RECPDCL acting as the bid process coordinator.

Megha Engineering & Infrastructures Ltd has been the successful bidder of the Inter-State Transmission Project of Ministry of Power, and RECPDCL was the bid process coordinator, a statement said.

The company's selection followed a tariff-based competitive bidding (TBCB) process in accordance with the Ministry of Power's standard bidding documents and guidelines. The project entails the implementation of the KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line and the augmentation of Khavda PS1, with a 21-month target completion timeframe.

 

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Published: 21 Apr 2023, 04:18 PM IST
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