State-run Rural Electrification Corporation today said its board has approved awarding a transmission project to Power Grid Corporation.
Power Grid had emerged as the lowest bidder for the transmission project to connect northern and western regions via 765 kV Inter-regional corridor under an auction conducted by the REC arm RECTPCL, an REC statement said.
"The board has approved the proposal for sale and transfer of WR-NR Power Transmission Ltd, a wholly-owned subsidiary of RECTPCL and also of REC to Power Grid Corporation, which has emerged as the successful bidder (L1), through Tariff Based Competitive Bidding Process, for establishing for establishing Transmission System for New WR-NR 765 kV Inter-regional corridor," the REC said.
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