RECPDCL Hands Over Two Special Purpose Vehicles to Successful TBCB 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) to their respective successful bidders on 23rd September 2026 — Barmer HVDC Power Transmission Limited, an inter-state transmission project SPV, to M/s Power Grid Corporation of India…
RECPDCL transferred two Special Purpose Vehicles (SPVs) to successful bidders on September 23rd, 2026. Barmer HVDC Power Transmission Limited, an inter-state transmission project, was awarded to Power Grid Corporation of India Limited. The SPV will construct a 6000 MW HVDC terminal station in Barmer and a ±800 kV HVDC Bipole line between Barmer and South Kalamb.
Sakoli Power Transmission Limited, an intra-state project, was given to Ashoka Buildcon Limited. The SPV will build a 400/220/132 kV AIS Sakoli in Maharashtra, featuring ICTs, 220 kV DC lines, and other associated works. Both projects were awarded through the Tariff-Based Competitive Bidding (TBCB) process, on a Build, Own, Operate, and Transfer (BOOT) basis.
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