{
  "id": 15592905,
  "title": "RECPDCL Hands Over Nawada Durgapur Power Transmission, a SPV of Inter State Transmission Project, to M/s Shivalaya Construction",
  "url": "https://urgent.news/2026/10/19/recpdcl-hands-over-nawada-durgapur-power-transmission-a-spv-of-inter",
  "topic": "world",
  "section": "World",
  "published": "2026-10-19T10:15:58.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/corporate-gallery/recpdcl-hands-over-nawada-durgapur-power-transmission-a-spv-of-inter-state-transmission-project-to-ms-shivalaya-construction"
  },
  "original_language": "en",
  "account": "On October 16, 2026, REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, transferred the project-specific Special Purpose Vehicle (SPV) for the Nawada Durgapur Power Transmission Limited to the winning bidder, M/s Shivalaya Construction Limited. The transfer took place under a Tariff-Based Competitive Bidding (TBCB) process, led by RECPDCL as the Bid Process Coordinator. The SPV was developed for the inter-state transmission project \"ERES-47: Nawada – Durgapur – Jeerat (New) 765kV corridor\" on a Build, Own, Operate and Transfer (BOOT) basis.\n\nRECPDCL's Head of Department (CS), Sh. Rajkumar Sonkar, handed over the project to Mr. Rajesh Kumar Singh, the Head of Power and Transmission at Shivalaya Construction Limited. The ceremony was attended by senior officials from both companies, as well as the Central Transmission Utility of India Limited.\n\nThe transmission project primarily involves the establishment of a new 765/400/220 kV Substation in Nawada, Bihar, and a new 765 kV Switching station in Durgapur, West Bengal. Additionally, a 765 kV DC Line will be constructed from Nawada to Durgapur, covering approximately 265 km, and another 765 kV DC Line will connect Durgapur to Jeerut, spanning around 145 km. The project also includes associated works and is planned for completion by March 31, 2029.",
  "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 Nawada Durgapur Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s Shivalaya Construction Limited, on 16th October, 2026. M/s Shivalaya Construction Limited emerged as the successful…",
  "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."
}