RECPDCL incorporates new SPVs for RE-linked transmission projects
Author: PPD Team Date: July 10, 2025
Author: PPD Team Date: July 10, 2025
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has set up three new Special Purpose Vehicles (SPVs) to implement upcoming transmission infrastructure projects. The three newly incorporated SPVs are:
In addition to these, RECPDCL has also incorporated Umred Power Transmission Limited, Sakoli Power Transmission Limited, and SR WR Power Transmission Limited earlier this month. These companies are similarly expected to support future transmission network requirements.
Author: PPD Team Date: December 23, 2024 Excelsior Energy Capital has entered a multi-year agreement with LG Energy Solution Vertech for a 7.5 gigawatt hour (GWh) reservation to support its US clean energy projects. This agreement ensures a steady supply of high-quality battery energy storage systems (BESS) for Excelsior’s standalone and hybrid energy storage projects across the country. From 2026, the batteries will be produced at LG Energy Solution Vertech’s advanced US facilities, strengthening supply…
Author: PPD Team Date: February 11, 2026 PVV Infra Limited has entered into a technology collaboration with ITC Services Company Limited, Taiwan, raising the value of its integrated clean energy manufacturing project in Andhra Pradesh to approximately Rs 1,250 crore. The company’s board approved a Memorandum of Understanding (MoU) with ITC Services Company Limited covering consultancy, customization and technology transfer for high-efficiency solar cell manufacturing, Battery Energy Storage Systems (BESS), micro-inverters and smart power electronics….
Author: PPD Team Date: January 21, 2025 Adani Energy Solutions Ltd (AESL) officially acquired Rajasthan Part I Power Transmission Ltd from REC Power Development & Consultancy Ltd (RECPDCL) on January 20, 2025. AESL emerged as the winning bidder with an annual transmission charge of Rs 35,570 million, outbidding three other contenders: Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and IndiGrid. The project, estimated to cost Rs 227 billion, involves setting up two 6,000…
Author: PPD Team Date: April 29, 2025 Hindalco Industries Limited, part of the Aditya Birla Group, has commissioned an electric vehicle (EV) component manufacturing facility in Chakan, Pune. Built at a cost of Rs 5 billion, the plant spans 5 acres and marks Hindalco’s entry into the EV components space. The facility focuses on producing lightweight aluminium battery enclosures, critical for improving EV efficiency and crash resistance. It has an initial annual capacity of 80,000…
Author: PPD Team Date: January 21, 2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian…
Author: PPD Team Date: June 13, 2025 The World Bank has ended its 2013 ban on financing nuclear energy projects in developing countries. The decision, reported by Reuters, reflects a shift in response to rising electricity demand and a push for energy diversification. Under the new strategy, the Bank will support countries in developing nuclear power, including life-extension of existing reactors and small modular reactor (SMR) deployment. The World Bank Group will work with the…