Reliance Industries acquires 100% stake in Lakadia B Power Transmission

Reliance Industries Ltd (RIL) has formally acquired a 100% equity stake in Lakadia B Power Transmission Limited (LPTL), a special purpose vehicle (SPV) established for the development of the transmission system for the Augmentation of Transformation Capacity at the 765/400 kV Lakadia Substation (S/s) in Gujarat-Part B. 

The acquisition follows the invitation of Request for Proposal (RFP) bids by REC Power Distribution Company Limited (REC PDCL) in September 2024.

REC PDCL, appointed as the bid process coordinator (BPC), oversaw the selection of transmission service provider (TSP) through the tariff-based competitive bidding (TBCB) process. 

The project includes several key developments at the Lakadia Substation, such as:

1. Installation of 2×500 MVA, 400/220 kV ICTs (3rd & 4th) at Lakadia PS with associated ICT bays
2. Creation of 220 kV line bays for various power companies, including TEQ Green Power, ArcelorMittal Nippon Steel India, Renew Solar, Juniper Green Energy, Ganeko Solar, Serentica Renewables, and RDS Solar Park
3. Augmentation of transformation capacity with 4×500 MVA, 400/220 kV ICTs (5th, 6th, 7th, and 8th)
4. Installation of 1×330 MVAr 765 kV Bus Reactor (2nd) with an associated bay
5. Augmentation of transformation capacity by 1×1500 MVA, 765/400 kV ICTs (3rd)

The project is scheduled for completion by 2027.