Latest News | REC Arm Hands over Project Specific SPV to Apraava Energy

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.

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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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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)