Gadarwara (B) Transmission Limited is a project specific SPV, incorporated on 30th July, 2014 as a wholly owned subsidiary of REC Transmission Projects Company Limited. After successful completion of bidding process for the project, M/s Power Grid Corporation of India Limited had emerged as the lowest bidder with the levelized tariff of Rs. 2567.26 millions per annum. The SPV was transferred to M/s Power Grid Corporation of India Limited on 24.04.2015.
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