{
  "id": 14416145,
  "title": "RECPDCL Hands Over Two Special Purpose Vehicles of Inter State Transmission projects to successful bidders",
  "url": "https://urgent.news/2026/10/14/recpdcl-hands-over-two-special-purpose-vehicles-of-inter-state",
  "topic": "world",
  "section": "World",
  "published": "2026-10-14T09:04:52.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/corporate-gallery/recpdcl-hands-over-two-special-purpose-vehicles-of-inter-state-transmission-projects-to-successful-bidders"
  },
  "original_language": "en",
  "account": "REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, recently transferred ownership of two Special Purpose Vehicles (SPVs) to successful bidders on October 12th, 2026. These SPVs were awarded through a Tariff-Based Competitive Bidding (TBCB) process, with RECPDCL acting as the Bid Process Coordinator for the Build, Own, Operate and Transfer (BOOT) projects.\n\nThe first project, Jam Khambhaliya Jamnagar Power Transmission Limited, was awarded to M/s Ceigall India Limited. The project involves the establishment of a 765/400 kV, 6x1500 MVA & 10x500 MVA, 400/220 kV Lakadia-II substation near Chitrod, along with 765 kV DC lines to Halvad, Ahmedabad, and Vataman, and associated works. The project is set to be completed within 36 months.\n\nThe second project, Lakadia II Power Transmission Limited, was successfully bid by M/s Power Grid Corporation of India Limited (PGCIL). The project includes a 765/400 kV, 3x1500 MVA & 400/220 kV, 3x500 MVA Nasik substation, a 765 kV DC line from Nasik to South Olpad, and a 400 kV DC line from Nasik to Pimpalgaon. The project is also scheduled for completion within 36 months.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}