RECPDCL Transfers Rajasthan SPV to PGCIL

18 Oct 2024 CW Team

The SPV transfer is part of a strategic effort to improve grid reliability and support the state’s growing energy demands, particularly as Rajasthan continues to emerge as a key hub for renewable energy production, including solar and wind power. By handing over this transmission project to PGCIL, RECPDCL is ensuring that the project benefits from the corporation’s expertise in managing and operating large-scale transmission networks, which will help in delivering uninterrupted power to consumers and industries.

PGCIL, a leading player in India’s power transmission sector, will now oversee the operation and management of this critical infrastructure. This move is expected to streamline power distribution and transmission, improving efficiency and reducing transmission losses. The project is a part of India's broader initiatives to upgrade its energy infrastructure and ensure that renewable energy sources can be seamlessly integrated into the national grid.

As Rajasthan plays a pivotal role in India's renewable energy push, the upgraded transmission lines will be instrumental in transmitting clean energy from renewable power plants to the grid. This development is aligned with India's commitment to enhancing energy security and achieving its ambitious renewable energy targets.

The SPV handover is also a step towards greater collaboration between state-run entities in executing large-scale energy projects. It emphasizes the importance of robust transmission networks in supporting India's transition to a more sustainable energy future.

REC Power Development and Consultancy Limited (RECPDCL) has officially transferred the special purpose vehicle (SPV) responsible for a crucial power transmission project in Rajasthan to the Power Grid Corporation of India Limited (PGCIL). The SPV was developed to enhance the state’s power transmission capacity, which is crucial for integrating renewable energy into the grid and ensuring the efficient distribution of electricity across Rajasthan. This handover marks a significant milestone in boosting the region's energy infrastructure. The SPV transfer is part of a strategic effort to improve grid reliability and support the state’s growing energy demands, particularly as Rajasthan continues to emerge as a key hub for renewable energy production, including solar and wind power. By handing over this transmission project to PGCIL, RECPDCL is ensuring that the project benefits from the corporation’s expertise in managing and operating large-scale transmission networks, which will help in delivering uninterrupted power to consumers and industries. PGCIL, a leading player in India’s power transmission sector, will now oversee the operation and management of this critical infrastructure. This move is expected to streamline power distribution and transmission, improving efficiency and reducing transmission losses. The project is a part of India's broader initiatives to upgrade its energy infrastructure and ensure that renewable energy sources can be seamlessly integrated into the national grid. As Rajasthan plays a pivotal role in India's renewable energy push, the upgraded transmission lines will be instrumental in transmitting clean energy from renewable power plants to the grid. This development is aligned with India's commitment to enhancing energy security and achieving its ambitious renewable energy targets. The SPV handover is also a step towards greater collaboration between state-run entities in executing large-scale energy projects. It emphasizes the importance of robust transmission networks in supporting India's transition to a more sustainable energy future.

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

Equipment

12 Dec 2025

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..