+
RECPDCL Hands Over 2 SPVs of Transmission Projects to PGCIL
POWER & RENEWABLE ENERGY

RECPDCL Hands Over 2 SPVs of Transmission Projects to PGCIL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over 2 No. of project specific SPVs (Special Purpose Vehicle) of ISTS Transmission Projects under TBCB route viz, Bidar Transco Limited and Khavda V-B1B2 Power Transmission Limited to Power Grid Corporation of India Limited on 18th February 2025 at Gurugram. Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) to develop both the transmission projects on Build, Own, Operate & Transfer (BOOT) basis, through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator.

The SPVs were handed over by TSC Bosh, CEO, RECPDCL to Pankaj Pandey, Executive Director, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, PGCIL and Central Transmission Utility of India. The implementation period for both the projects is 24 months. The schemes are intended for augmentation of transformation capacity at Bidar Pooling Station in Karnataka State and augmentation of transformation capacity at KPS1 & KPS2 Substations in Gujarat State for evacuation of Power from RE Power Generators.

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over 2 No. of project specific SPVs (Special Purpose Vehicle) of ISTS Transmission Projects under TBCB route viz, Bidar Transco Limited and Khavda V-B1B2 Power Transmission Limited to Power Grid Corporation of India Limited on 18th February 2025 at Gurugram. Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) to develop both the transmission projects on Build, Own, Operate & Transfer (BOOT) basis, through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator. The SPVs were handed over by TSC Bosh, CEO, RECPDCL to Pankaj Pandey, Executive Director, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, PGCIL and Central Transmission Utility of India. The implementation period for both the projects is 24 months. The schemes are intended for augmentation of transformation capacity at Bidar Pooling Station in Karnataka State and augmentation of transformation capacity at KPS1 & KPS2 Substations in Gujarat State for evacuation of Power from RE Power Generators.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?