RECPDCL Completes SPV Handover for ISTS Line to Power Grid

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, SR WR Power Transmission Limited to M/s Power Grid Corporation of India Limited on 17th October 2025.

M/s Power Grid Corporation of India Limited emerged as the successful bidder through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis.

The SPV was handed over by Shri Saurabh Rastogi, CEO, RECPDCL to Sh. Satyaprakash Dash, Company Secretary, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, Power Grid Corporation of India Limited and Central Transmission Utility of India Limited. The implementation period of the project is 24 months.

The scheme covers establishment of Parli New (Maharashtra) – Bidar (Karnataka) 765 kV Double Circuit line of around 109 km.