New Delhi: REC Limited on Friday said its wholly-owned subsidiary REC Power Development and Consultancy Limited (RECPDCL) has incorporated three new wholly-owned subsidiary companies for development of interstate power transmission projects.
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The newly incorporated special purpose vehicles (SPVs) are Bhadla Ramgarh Power Transmission Limited, Lakadia II Power Transmission Limited and Jam Khambhaliya Jamnagar Power Transmission Limited. These companies will also become subsidiary companies of REC Limited.
According to the company’s regulatory filing, the Ministry of Power had allocated the interstate transmission projects through a Gazette Notification dated February 12, and appointed RECPDCL as the Bid Process Coordinator (BPC) for selection of transmission service providers under the Tariff Based Competitive Bidding (TBCB) mechanism.
Bhadla Ramgarh Power Transmission Limited has been incorporated for augmentation works at Bhadla-III, Ramgarh Power Station and Kanpur (PG). The company was incorporated on May 8, 2026.
Lakadia II Power Transmission Limited has been formed for development of a transmission system for integration of renewable energy projects in the Lakadia Renewable Energy Zone in Gujarat under Phase-II with planned capacity of 7,500 MW. The company was incorporated on May 9.
Jam Khambhaliya Jamnagar Power Transmission Limited has been incorporated for evacuation of power from Lakadia Phase-II (7.5 GW), Jam Khambhaliya Phase-II (5.5 GW) and Jamnagar Phase-I (1 GW) under Part-B of the common transmission system project. The company was also incorporated on May 9, 2026.
REC said each of the three companies has an authorised and paid-up capital of Rs 5 lakh and will initially remain wholly-owned subsidiaries of RECPDCL. After the selection of successful bidders through the TBCB process, the SPVs will be transferred to the selected transmission developers along with their assets and liabilities.
The company added that RECPDCL acts as the bid process coordinator for selection of transmission service providers for interstate and intrastate transmission projects assigned by the Ministry of Power and state governments from time to time.
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