RECPDCL hands over two SPVs of Inter State Transmission projects to bidders
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over two project-specific Special Purpose Vehicles (SPVs), namely Jam Khambhaliya Jamnagar Power Transmission Limited and Lakadia II Power Transmission Limited, to the respective successful bidders on 12th October 2026.
The projects were awarded through the Tariff-Based Competitive Bidding (TBCB) route, with RECPDCL as the Bid Process Coordinator, for development of the projects on a Build, Own, Operate and Transfer (BOOT) basis. The SPVs were formally handed over by T S C Bosh, Director (Projects), REC Limited, in the presence of other officials from RECPDCL and the respective developers.
Lakadia II Power Transmission Limited — handed over to M/s Power Grid Corporation of India Limited
M/s Power Grid Corporation of India Limited (PGCIL) emerged as the successful bidder for the inter-state transmission project titled “Transmission system for Integration of Power from RE Projects in Lakadia REZ in Gujarat-Phase II (7500MW)”.
The SPV was handed over to Arup Samanta, General Manager (CS), PGCIL, in the presence of Amit Bhargav, ED (TBCB), PGCIL, and other senior officials from PGCIL and RECPDCL.
The transmission project broadly envisages establishment of 765/400 kV, 6x1500 MVA & 10x500 MVA, 400/220 kV Lakadia-II substation (Near Chitrod) with 2 Nos. of Synchronous Condensers at the Lakadia II substation; 765 kV D/c Lines from Lakadia II to Halvad (141 km), Lakadia II to Ahmedabad (197 km) and Lakadia II to Vataman (261 km) along with other associated works. The project is scheduled for implementation within 36 months.
Jam Khambhaliya Jamnagar Power Transmission Limited — handed over to M/s Ceigall India Limited
M/s Ceigall India Limited emerged as the successful bidder for the inter-state transmission project titled “Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) - Part-B”.
The SPV was handed over to Ayyalusamy Saravanan, CEO, Ceigall India Limited, in the presence of other senior officials from Ceigall India Limited and RECPDCL.
The transmission project broadly envisages establishment of 765/400 kV, 3x1500 MVA & 400/220 kV, 3x500 MVA Nasik substation, 765 kV D/c Line from Nasik to South Olpad (266 km), 400 kV D/c line from Nasik to Pimpalgaon (MSETCL) (40 km), along with associated works. The project is scheduled for implementation within 36 months.
