New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited under the Ministry of Power, handed over the Special Purpose Vehicle (SPV) Davanagere Power Transmission Limited to Power Grid Corporation of India Limited (Power Grid). This SPV is part of an Inter-State Transmission System (ISTS) project awarded under the Tariff-Based Competitive Bidding (TBCB) route.
Project Background and Transfer Details
The transmission project, developed on a Build, Own, Operate & Transfer (BOOT) basis, was awarded to Power Grid Corporation through the competitive bidding process managed by RECPDCL as the Bid Process Coordinator. The handover ceremony took place on September 24, 2025, with T.S.C. Bosh, CEO of RECPDCL, formally transferring the SPV to Arup Kumar Samanta, Senior DGM, Company Secretariat, Power Grid Corporation of India Limited. The event was attended by senior officials from RECPDCL, Power Grid Corporation, and the Central Transmission Utility of India Limited.
Project Scope and Financial Details
The Davanagere transmission project involves significant augmentation of transformation capacity at the Davanagere Power Station, including:
- Installation of 1×1500 MVA 765/400 kV ICT (Inter-Connecting Transformer)
- Installation of 4×500 MVA 400/220 kV ICTs
- Addition of 220 kV line bays
The total estimated cost of the project is Rs. 366.26 Crore, with an implementation timeline of 24 months.
Strategic Importance
This project is vital for enhancing the power transmission infrastructure in the region, ensuring better reliability, capacity, and efficiency of the grid. It reflects the ongoing efforts of the Ministry of Power and its subsidiaries to modernize India’s energy sector through competitive and transparent processes.
About PowerGrid
Power Grid Corporation of India Limited (PGCIL), a Maharatna PSU under the Ministry of Power, is India’s largest electric power transmission utility. Operating over 177,000 circuit km of transmission lines, PGCIL plays a pivotal role in strengthening the national grid and ensuring reliable power supply across the country.
About RECPDCL
REC Power Development and Consultancy Limited (RECPDCL) is a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, Government of India. RECPDCL provides consultancy services in power sector development, including project management, implementation of distribution and transmission projects, and technical support to various power utilities across India. It plays a key role in supporting government schemes like DDUGJY, IPDS, and smart metering initiatives, contributing to strengthening the country’s power infrastructure.
Read also: Power Grid Wins ₹286.75 Crore Inter-State Transmission Project in Madhya Pradesh on BOOT Basis
