REC and PFC form SPVs for new RE transmission projects in Karnataka
REC Limited and Power Finance Corporation Limited (PFC) have incorporated wholly-owned subsidiaries to develop transmission infrastructure for additional renewable energy (RE) capacity in Karnataka. Both companies will serve as Bid Process Coordinators (BPCs) under the Tariff Based Competitive Bidding (TBCB) framework. REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC, has formed Bellary Davanagere Power Transmission Limited. The project, titled “Transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW)…

