RECPDCL Transfers Two SPVs Successfully
POWER & RENEWABLE ENERGY

RECPDCL Transfers Two SPVs Successfully

RECPDCL, a subsidiary of REC Limited, has successfully handed over two Special Purpose Vehicles (SPVs) to their respective successful bidders. The transfer is a significant milestone in India's power transmission sector, aimed at enhancing the infrastructure and efficiency of power distribution across the nation.

The two SPVs, KPS1 Transmission Limited and KPS2 Transmission Limited, were part of projects designed to bolster the transmission network in key regions. These projects include the establishment of 765 kV and 400 kV transmission lines and associated substations, which are critical for meeting the growing power demands and ensuring reliable electricity supply.

The successful bidders, selected through a transparent bidding process, will now take over the operation, maintenance, and further development of these transmission projects. This move aligns with the government's objective of involving private sector participation to improve the power sector's overall efficiency and reach.

The handover ceremony was marked by the presence of senior officials from RECPDCL and the successful bidder companies. During the event, the importance of these projects in strengthening the national grid and supporting the economic growth of the regions was highlighted.

RECPDCL's initiative is part of a broader strategy to facilitate the seamless integration of renewable energy sources into the national grid. By enhancing transmission capabilities, these projects will play a crucial role in ensuring that renewable energy generated in remote areas can be efficiently transmitted to consumption centres, thus supporting India's renewable energy targets.

The successful transfer of these SPVs underscores the effectiveness of public-private partnerships in the power sector. It demonstrates RECPDCL's commitment to advancing India's power infrastructure, promoting sustainable development, and ensuring a stable and reliable power supply to all corners of the country.

RECPDCL, a subsidiary of REC Limited, has successfully handed over two Special Purpose Vehicles (SPVs) to their respective successful bidders. The transfer is a significant milestone in India's power transmission sector, aimed at enhancing the infrastructure and efficiency of power distribution across the nation. The two SPVs, KPS1 Transmission Limited and KPS2 Transmission Limited, were part of projects designed to bolster the transmission network in key regions. These projects include the establishment of 765 kV and 400 kV transmission lines and associated substations, which are critical for meeting the growing power demands and ensuring reliable electricity supply. The successful bidders, selected through a transparent bidding process, will now take over the operation, maintenance, and further development of these transmission projects. This move aligns with the government's objective of involving private sector participation to improve the power sector's overall efficiency and reach. The handover ceremony was marked by the presence of senior officials from RECPDCL and the successful bidder companies. During the event, the importance of these projects in strengthening the national grid and supporting the economic growth of the regions was highlighted. RECPDCL's initiative is part of a broader strategy to facilitate the seamless integration of renewable energy sources into the national grid. By enhancing transmission capabilities, these projects will play a crucial role in ensuring that renewable energy generated in remote areas can be efficiently transmitted to consumption centres, thus supporting India's renewable energy targets. The successful transfer of these SPVs underscores the effectiveness of public-private partnerships in the power sector. It demonstrates RECPDCL's commitment to advancing India's power infrastructure, promoting sustainable development, and ensuring a stable and reliable power supply to all corners of the country.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement