REC Incorporates Seven SPVs for Developing Transmission Network for Solar Projects
The solar projects are located in Karnataka, Maharashtra, and Madhya Pradesh
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REC Limited, a public infrastructure finance company in India’s power sector, announced that its board of directors had approved a proposal to incorporate seven project-specific special purpose vehicles (SPVs) as wholly-owned subsidiaries of REC Transmission Projects Company Limited (RECTPCL) to develop transmission projects.
Nithin Thomas
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