Gurugram: REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has handed over three Special Purpose Vehicles (SPVs) for transmission projects to Power Grid Corporation of India Limited (PGCIL). The projects, part of the Inter-State Transmission System (ISTS) under the Tariff-Based Competitive Bidding (TBCB) route, were transferred to PGCIL on March 24, 2025, at a ceremony held in Gurugram.
The three SPVs include:
- Banaskantha Transco Limited
- Project: Augmentation of transformation capacity at Banaskantha (Raghanesda) Pooling Station (GIS) by installing 2×500 MVA, 400/220 kV ICTs.
- Estimated cost: ₹143.35 crore.
- Kurnool-IV Transmission Limited
- Project: Establishment of a 4×1500 MVA, 765/400 kV and 4×500 MVA, 400/220 kV Kurnool-IV Pooling Station.
- Transmission lines of 375 km from Kurnool-IV to Bidar and 127 km from Kurnool-IV to Kurnool-III.
- Estimated cost: ₹4,727.05 crore.
- Rajasthan V Power Transmission Limited
- Project: Transmission system for evacuation of power from Sirohi substation and Sirohi and Merta-II Power Stations.
- Estimated cost: ₹4,736.23 crore.
The handover was facilitated by Mr T.S.C. Bosh, CEO of RECPDCL, to Mr Pankaj Pandey, Executive Director of PGCIL, with senior officials from RECPDCL, PGCIL, and the Central Transmission Utility of India Limited (CTU) present.
Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission projects on Build, Own, Operate & Transfer (BOOT) basis.
These projects are part of the government’s initiative to enhance transmission infrastructure across the country. The projects are set for completion in 24 months, further contributing to India’s power sector growth and stability.
