REC Limited has informed that the board of directors of the company at its meeting inter-alia approved the proposals for sale and transfer of Jawaharpur Firozabad Transmission Limited, a wholly-owned subsidiary of RECTPCL and also of REC (in team of Section 2(87) of the Companies Act, 2013), to M/s Power Grid Corporation of India Limited, which has emerged as the Successful Bidder (L1), through Tariff Based Competitive Bidding Process, for ‘Evacuation of Power from 2 x 660 MW Jawaharpur Thermal Power Project and construction of 400 kV substation at Firozabad along with associated Transmission Lines’.