RECPDCL establishes SPV for Lakadia substation capacity enhancement
REC Power Development and Consultancy Limited (RECPDCL) has established Lakadia B Power Transmission Limited, a special purpose vehicle (SPV) aimed at augmenting the transformation capacity of the 765/400 kV Lakadia Substation in Gujarat. RECPDCL has been designated as the bid process coordinator to select a transmission service provider for this project through a tariff-based competitive bidding process.