Power Grid buys two transmission projects in Rajasthan to evacuate solar

09 Jun 2021 CW Team

REC invited bids in December 2020 to develop transmission systems to evacuate power from solar energy zones in Rajasthan. And the invitation was extended to transmission service suppliers under Phase 2 for Part-A, B, and C of the transmission strengthening program to evacuate 8.1 GW of power from these zones.

REC Ltd’s wholly-owned subsidiary REC Power Distribution Company Ltd (RECPDCL) gave the two project Special purpose vehicles (SPVs) to PGCIL.

PGCIL won each of the three projects. In March, it had also acquired the Ramgarh New Transmission under Phase 2, Part-A of the program.

On June 4, 2021, the complete shareholding of both the Fatehgarh Bhadla Transco and Sikar New Transmission, including 50,000 equity shares owned by RECPDCL, was given to PGCIL at par value and with all its assets.

Fatehgarh Bhadla Transco, incorporated on June 2, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase 2-Part B, on a build, own, operate and maintain basis.

The transmission system includes developing a 765kV D/C line and associated bays extension work in Rajasthan. The system is an Inter-State Transmission System (ISTS) project slated for completion within 18 months.

The aggregate amount in which the Transco has been acquired is about Rs 130.4 million, including 50,000 equity shares at par at Rs 10 along with assets and liabilities.

Whereas Sikar New Transmission, incorporated on June 11, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase-2- Part C on a build, own, operate, and maintain basis.

The transmission system comprises setting a new 765/400kV Substation at Sikar-2, 765kV D/C Transmission line, 400kV D/C Transmission line. It is also an ISTS project, slated for completion within 18 months.

The aggregate amount in which Sikar was acquired is about Rs 185.4 million.

As we have reported earlier, on May 21, its PGCIL approved an investment of Rs 22.20 billion for commissioning several power transmissions projects.

Image Source

Also read: PGCIL to invest Rs 22.20 bn in power transmission network

Also read: India drafts ancillary services market regulations for energy storage

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Power Grid Corporation of India (PGCIL) has acquired two transmission projects Fatehgarh Bhadla Transco Ltd and Sikar New Transmission Ltd under Phase 2, Part-B and C of the transmission strengthening program. Both of the projects have to evacuate 8.1 GW of power from solar energy zones in Rajasthan. REC invited bids in December 2020 to develop transmission systems to evacuate power from solar energy zones in Rajasthan. And the invitation was extended to transmission service suppliers under Phase 2 for Part-A, B, and C of the transmission strengthening program to evacuate 8.1 GW of power from these zones. REC Ltd’s wholly-owned subsidiary REC Power Distribution Company Ltd (RECPDCL) gave the two project Special purpose vehicles (SPVs) to PGCIL. PGCIL won each of the three projects. In March, it had also acquired the Ramgarh New Transmission under Phase 2, Part-A of the program. On June 4, 2021, the complete shareholding of both the Fatehgarh Bhadla Transco and Sikar New Transmission, including 50,000 equity shares owned by RECPDCL, was given to PGCIL at par value and with all its assets. Fatehgarh Bhadla Transco, incorporated on June 2, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase 2-Part B, on a build, own, operate and maintain basis. The transmission system includes developing a 765kV D/C line and associated bays extension work in Rajasthan. The system is an Inter-State Transmission System (ISTS) project slated for completion within 18 months. The aggregate amount in which the Transco has been acquired is about Rs 130.4 million, including 50,000 equity shares at par at Rs 10 along with assets and liabilities. Whereas Sikar New Transmission, incorporated on June 11, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase-2- Part C on a build, own, operate, and maintain basis. The transmission system comprises setting a new 765/400kV Substation at Sikar-2, 765kV D/C Transmission line, 400kV D/C Transmission line. It is also an ISTS project, slated for completion within 18 months. The aggregate amount in which Sikar was acquired is about Rs 185.4 million. As we have reported earlier, on May 21, its PGCIL approved an investment of Rs 22.20 billion for commissioning several power transmissions projects. Image Source Also read: PGCIL to invest Rs 22.20 bn in power transmission network Also read: India drafts ancillary services market regulations for energy storage

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..