Tata Power on Thursday said it has secured ERES-XXXIX Power Transmission Ltd, a project special purpose vehicle (SPV), from REC Power Development and Consultancy Ltd.
In a regulatory filing Tata Power said it has received a Letter of Intent (LOI) from REC Power Development and Consultancy Ltd, a wholly-owned subsidiary of REC Ltd, to acquire ERES-XXXIX Power Transmission Ltd.
Annual transmission charges of the project stood at Rs 289.729 crore, the filing added.