REC Hands Over SPV to Apraava Energy for Rajasthan Renewable Energy Project: Rediff Moneynews

RECPDCL, a subsidiary of REC Ltd, has handed over a project specific SPV to Apraava Energy for the Rajasthan Renewable Energy Zone Ph-IV transmission project.

New Delhi, Aug 21 (PTI) State-owned REC Ltd on Wednesday said its arm RECPDCL has handed over a project specific Special Purpose Vehicle to Apraava Energy.

The project will facilitate evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex), REC said in a statement.

Apraava Energy Pvt Ltd (AEPL) has emerged as the transmission service provider through tariff-based competitive bidding conducted by RECPDCL, the bid process coordinator.

The transmission project will be constructed on Build, Own, Operate & Transfer (BOOT) basis.

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