RECPDCL transfers HVDC Transmission Project to Adani Energy Solutions

New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has officially handed over the project-specific Special Purpose Vehicle (SPV) of the HVDC Transmission Project under the Tariff-Based Competitive Bidding (TBCB) route to Adani Energy Solutions Limited (AESL). The SVP was handed over to Energy Solutions Limited on January 20 in Gurugram.

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

Adani Energy Solutions Limited emerged as the Transmission Service Provider (TSP) for this significant project through the TBCB process conducted by RECPDCL, the designated Bid Process Coordinator. The project will be developed on a Build, Own, Operate, and Transfer (BOOT) basis.

This marks a landmark achievement as it is the first HVDC transmission project awarded to a private sector developer through the TBCB route. The project involves the establishment of two HVDC terminal stations, each with a capacity of 6,000 MW, at Bhadla in Rajasthan and Fatehpur in Uttar Pradesh. It also includes the construction of an 800 kV HVDC line (Hexa Lapwing) spanning 955 kilometers between Bhadla and Fatehpur, along with associated infrastructure. The project’s estimated cost is approximately Rs 22,700 crore.

The SPV transfer was formalized by RECPDCL CEO TSC Bosh who handed over the project to Chief Business Development Officer of Adani Energy Solutions Limited Sanjay Arvind Johari. The event was attended by senior officials from RECPDCL, Adani Energy Solutions Limited, and the Central Transmission Utility of India Limited.

The implementation period for the project is set at 54 months, making it a significant step toward strengthening India’s transmission network and integrating renewable energy into the national grid.

(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.)