RECPDCL forms two SPVs for ISTS projects in Karnataka and Tamil Nadu
REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd and Tuticorin Power Transmission Ltd, will support crucial transmission upgrades and green energy integration.
Project SPV Details:
- Bidar Transco Ltd
- Incorporation Date: November 5, 2024
- Scheme: Augmentation of transformation capacity with 3×500 MVA, 400/220kV and 1×1500 MVA, 765/400kV ICTs at Bidar Pooling Station, Karnataka
- Estimated Cost: Rs 2.88 billion
- Implementation: 24 months
- Bidding Status: RfP responses open on December 16, 2024
- Tuticorin Power Transmission Ltd
- Incorporation Date: November 5, 2024
- Scheme: Transmission system for green hydrogen/ammonia projects in Tuticorin, Tamil Nadu
- Estimated Cost: Rs 26.17 billion
- Implementation: 30 months
- Bidding Status: RfP responses open on December 20, 2024
These SPVs will be transferred to successful bidders selected through tariff-based competitive bidding (TBCB).
Future SPVs Planned by RECPDCL: RECPDCL is also preparing three additional SPVs for upcoming ISTS-TBCB projects, including:
- Network expansion in Western Region near Talegaon (Pune) to support pumped storage
- Capacity augmentation at KPS1 and KPS2 GIS stations (Phase-V Part B1 and Part B2)
- Transmission system for Kurnool-IV REZ integration (4.5 GW Phase-I)