New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over two special purpose vehicles (SPVs) for inter-state power transmission projects to Power Grid Corporation of India Limited (PGCIL) and Ceigall India Limited, following their selection as successful bidders.
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The SPVs — Lakadia II Power Transmission Limited and Jam Khambhaliya Jamnagar Power Transmission Limited — were handed over on October 12, 2026. The projects were awarded through the Tariff-Based Competitive Bidding (TBCB) route, with RECPDCL acting as the bid process coordinator. Both projects will be developed on a Build, Own, Operate and Transfer (BOOT) basis and are scheduled for completion within 36 months.
The SPVs were formally handed over by T. S. C. Bosh, Director (Projects), REC Limited, in the presence of officials from RECPDCL and the respective project developers.
Power Grid had emerged as the successful bidder for the project titled “Transmission System for Integration of Power from RE Projects in Lakadia REZ in Gujarat – Phase II (7,500 MW)”. The SPV, Lakadia II Power Transmission Limited, was handed over to Arup Samanta, General Manager (CS), Power Grid in the presence of Amit Bhargav, Executive Director (TBCB), Power Grid and other senior officials.
The project envisages the establishment of a 765/400 kV Lakadia-II substation near Chitrod in Gujarat, with transformation capacities of 6x1,500 MVA and 10x500 MVA, respectively, along with two synchronous condensers. It also includes 765 kV double-circuit transmission lines connecting Lakadia II with Halvad (141 km), Ahmedabad (197 km) and Vataman (261 km), besides associated infrastructure.
Separately, Ceigall India Limited was selected as the successful bidder for the project titled “Common Transmission System for Evacuation of Power from Lakadia (Phase-II: 7.5 GW), Jam Khambhaliya (Phase-II: 5.5 GW) and Jamnagar (Phase-I: 1 GW) – Part-B”.
The SPV, Jam Khambhaliya Jamnagar Power Transmission Limited, was handed over to Ayyalusamy Saravanan, CEO, Ceigall India Limited, in the presence of senior officials from the company and RECPDCL.
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The project broadly envisages the establishment of a 765/400 kV substation at Nashik with a capacity of 3x1,500 MVA and a 400/220 kV substation with a capacity of 3x500 MVA. The associated transmission infrastructure includes a 765 kV double-circuit line between Nashik and South Olpad, spanning approximately 266 km, and a 400 kV double-circuit line between Nashik and Pimpalgaon (MSETCL), spanning approximately 40 km.
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