POWERGRID acquires Bellary Davanagere transmission SPV
Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Bellary Davanagere Power Transmission Limited, a project-specific special purpose vehicle (SPV) formed for “Transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW) and Bellary (2.75 GW).” The transaction was finalised on February 12, 2026, after POWERGRID emerged as the successful bidder in a tariff-based competitive bidding (TBCB) process conducted by REC Power Development and Consultancy Limited (RECPDCL), a wholly…
