Annual Accounts of Subsidiaries

Subsidiaries & JVs

Annual Accounts of Subsidiaries

RECPDCL also acts, inter-alia, as the “Bid Process Coordinator” (BPC) for selecting Transmission Service Provider(s) for various independent inter-state / intra-state transmission projects allocated to it by the Ministry of Power, Government of India (MoP) or State Government(s) from time to time. In order to initiate development of each independent inter-state / intra-state transmission project, RECPDCL incorporates a project specific Special Purpose Vehicle (SPV), which is subsequently transferred to the successful bidder selected through Tariff Based Competitive Bidding process. Such SPVs are wholly owned subsidiaries of RECPDCL and also wholly owned subsidiaries of REC as per the provisions of the Companies Act, 2013.

Audited Accounts (FY 2022-23)