REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, a Maharatna CPSE under the aegis of the Ministry of Power, handed over the project-specific SPV formed for the construction of Transmission Project, ‘ER NER Transmission’ to Power Grid Corporation of India.Power Grid Corporation of India has been the successful bidder of the Inter-State Transmission Project of the Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator. The winner selection had been carried out through Tariff Based Competitive Bidding (TBCB) for transmission developers in line with the standard bidding documents and guidelines as notified by the Ministry of Power. The work involves establishing 2 X 500 MVA ICT (AIS) at Banka along with associated works, upgradation of Namsai and associated works including around 77 km 220 kV double circuit transmission lines. The project for implementation is targeted in 36 months. With the handing over of the above SPV, RECPDCL successfully handed over 41 transmission projects, costing around `546.42 billion under the TBCB route.