REC Transmission Projects Company limited, a wholly owned subsidiary of Rural Electrification Corporation ltd has handed over project specific Special Purpose Vehicles (SPV) namely NER-II Transmission limited to M/s Sterlite Grid 4 limited.
M/s Sterlite Grid 4 limited quoted the lowest levellised tariff. Transmission Project involves establishment of two sub-stations, five transmission lines and three bay extension works in North-Eastern states. The selection was carried out based on the Standard Bidding Documents and Guidelines notified by Ministry of Power, for selection of transmission developers on Build, Own, Operate and Maintain (BOOM) basis through tariff based competitive bidding route.