New Delhi, Feb. 19 -- REC Power Development and Consultancy Limited (RECPDCL) handed over two projects specific to Special Purpose Vehicle (SPVs) of ISTS Transmission Projects to Power Grid Corporation of India Limited on February 18 at Gurugram.

According to an official release by the Maharatna CPSU under the aegis of Ministry of Power, Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) to develop both the transmission projects on Build, Own, Operate & Transfer (BOOT) basis, through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator.

The project is awarded under TBCB route viz, Bidar Transco Limited and Khavda V-B1B2 Power Transmission Limite...