REC subsidiary transfers Mahan Transmission SPV to Adani Group 
News Updates

REC subsidiary transfers Mahan Transmission SPV to Adani Group

REC subsidiary RECPDCL handed over transmission SPV 'Mahan Transmission' to Adani Energy Solutions Limited on March 26

PSU Watch Bureau

New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has successfully transferred the project-specific Special Purpose Vehicle (SPV), Mahan Transmission Limited, to Adani Energy Solutions Limited. The official handover took place on March 26.

PSU Watch is now on Whatsapp Channels. Click here to join

According to an official statement, Adani Energy Solutions Limited emerged as the Transmission Service Provider (TSP) through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, which acted as the bid process coordinator. The company will develop the transmission project under the Build, Own, Operate, and Transfer (BOOT) model.

The official transfer of the SPV was carried out in the presence of senior officials from RECPDCL, Adani Energy Solutions Limited, Madhya Pradesh Power Management Company Limited (MPPMCL), and Madhya Pradesh Power Transmission Company Limited (MPPTCL). Shashank Sharma, Head of Business Development at Adani Energy Solutions Limited, received the SPV on behalf of the company.

The transmission project entails the construction of a 400/220/132 kV substation at Rewa (Sagra) and Amarpatan, along with a 166 km 400 kV transmission line between PTEMPL (MEL) Switchyard and Rewa (Sagra), and a 50 km 400 kV transmission line between Rewa (Sagra) and Amarpatan. Additionally, the scheme includes associated 220 kV and 132 kV lines. The total estimated cost of the project is approximately Rs. 1,996.47 crore.

The implementation period for the Rewa (Sagra) Substation is set for completion by October 25, 2026, while the Amarpatan Substation is expected to be operational by April 25, 2027.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

EASE reforms supported PSU banks in advancing 'Viksit Bharat' vision: IBA Chief Executive

Bhopal and Khajuraho airports in MP top AAI's customer satisfaction 2025 first half chart

Hindustan Zinc launches guidebook to promote workplace equity, inclusive environment

Centre committed to overhaul Jharkhand's infra, implement Rs 2 lakh crore projects: Gadkari

NHAI takes action against contractor, engineer for poor quality work