New Delhi: In a major push to strengthen India’s renewable energy transmission infrastructure, Maharatna PSU REC Limited has officially announced the formation of a new wholly-owned subsidiary—Ananthapuram II Power Transmission Limited—to implement a critical inter-state power transmission project.
Supporting the Ananthapuram-II REZ Phase-II (3GW) Integration
The new company has been set up under REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited. Ananthapuram II Power Transmission Limited will specifically develop the Transmission System for Integration of Ananthapuram-II Renewable Energy Zone (REZ) – Phase-II (3GW), aimed at evacuating renewable energy from a key cluster of green power projects.
This formation follows the Gazette Notification by the Ministry of Power, dated 27 March 2025, which officially appointed RECPDCL as the Bid Process Coordinator (BPC) for this high-capacity project.
Capital Structure and Mandate
The new entity has been established with an authorized and paid-up capital of ₹5,00,000. At present, the company has not commenced business operations and currently holds no income, as it is entirely focused on the preparatory phase of the infrastructure development.
Transparent Bidding and Future Transition
According to sources, the creation of Ananthapuram II Power Transmission Limited is strictly in line with the government’s policy framework and involves no commercial interest beyond shareholding by the promoters.
In alignment with Tariff Based Competitive Bidding (TBCB) guidelines, once a successful bidder is selected for project execution, the entire entity—including all assets and liabilities—will be transferred to the winning bidder. This process ensures transparency, competition, and efficiency in building India’s green energy transmission backbone.
REC’s Expanding Role in Green Infrastructure
The launch of this special purpose vehicle (SPV) marks another milestone for REC Limited in its evolving role as a facilitator of large-scale power and transmission infrastructure in India. As the country targets ambitious renewable energy goals, such institutional mechanisms will play a pivotal role in ensuring seamless grid integration of clean energy.
About REC
REC Limited (formerly Rural Electrification Corporation Limited) is a Maharatna Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India. Established in 1969, REC is a leading non-banking financial company (NBFC), playing a pivotal role in financing and promoting power sector development across India.
