RECPDCL transfers Rajasthan-IV H-1 power transmission to Power Grid Corp

17 Oct 2024 CW Team

State-owned REC announced that its subsidiary, REC Power Development and Consultancy (RECPDCL), had transferred the Rajasthan-IV H-1 Power Transmission, a special purpose vehicle (SPV), to Power Grid Corporation of India (PGCIL).

PGCIL had been selected as the transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process, which was organised by RECPDCL, acting as the Bid Process Coordinator (BPC), for the development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis, as mentioned in a company statement.

The statement further indicated that RECPDCL officially transferred the SPV, Rajasthan-IV H-1 Power Transmission, to PGCIL on October 15, 2024, in Gurugram.

The SPV was handed over by T. S. C. Bosh, CEO of RECPDCL, to Satyaprakash Dash, Company Secretary of PGCIL. The project is planned to be implemented within 24 months.

Real Estate

08 Sep 2025

Max Estates Secures 7.25 Acre Land in Gurugram for Luxury Housing

Max Estates (Max Estates), a leading NCR real estate developer, has acquired development rights for a 7.25 acre land parcel in Sector 59, Gurugram, along the prime Golf Course Extension Road. The project has a development potential of approximately 1.3 million sq ft with an expected outlay of Rs 5.34 billion, offering a Gross Development Value (GDV) of more than Rs 30 billion. The transaction involves the purchase of 100 per cent shareholding in Base Buildwell (BBPL), the SPV holding license and development rights for the parcel, subject to regulatory approvals. With this acquisition, Max..

10th Belt and Road Summit to Drive Collaboration in Hong Kong

The 10th edition of the Belt and Road Summit will be held on September 10-11 at the Hong Kong Convention and Exhibition Centre, marking a decade of progress under the Belt and Road Initiative (B&RI) and opening new avenues for collaboration among governments and businesses. Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the Summit is themed “Collaborate for Change • Shape a Shared Future”. It will feature over 90 high-level government officials and business leaders from across Belt a..

Mumbai Introduces 12-Metre Electric Buses in BEST-PMI Partnership

In a milestone for sustainable urban transport, PMI Electro Mobility’s Mumbadevi Mobility, in partnership with the Brihanmumbai Electric Supply and Transport (BEST), launched the first batch of fully electric buses in Mumbai. At an official ceremony held at the BEST Office, Colaba Depot, four 12-metre e-buses were flagged off by Ashish Sharma, IAS, General Manager, BEST. This marks the first phase of a 250-bus fleet aimed at strengthening public transport and cutting the city’s carbon footprint. The buses will operate from Oshiwara Depot, serving high-demand routes for greater c..