REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has incorporated Rajgarh Neemuch Power Transmission Limited as a new special purpose vehicle (SPV) for an inter-state transmission project in Madhya Pradesh. The new SPV was registered on June 17, 2025. The project is titled “Transmission system for Evacuation of Power…
PFC Consulting Limited (PFCCL) has incorporated three new special purpose vehicles (SPVs) to implement power transmission projects in Maharashtra, Andhra Pradesh, and Telangana. These SPVs were formed to execute projects under the Tariff-Based Competitive Bidding (TBCB) framework. The first two SPVs—Wagdari Transmission Limited and Kurnool IV REZ Power Transmission Limited—were incorporated on 14 June 2025….
REC Power Distribution Company Limited (REC PDCL) has transferred WRNES Talegaon Power Transmission Limited, a special purpose vehicle (SPV), to Adani Energy Solutions Limited (AESL). The SPV will implement the Western Region Network Expansion Scheme to support pumped storage potential near Talegaon, Pune. REC PDCL invited Request for Proposal (RFP) bids in October 2024 and…
Power Grid Corporation of India Ltd (PGCIL) has cleared a Rs 131.68 crore project titled Establishment of State-of-the-Art National Unified Network Management System (N-UNMS). This will integrate all regional network management systems into a unified national platform. The decision was taken by PGCIL’s Committee of Directors on Investment on Projects during its June 10, 2025…
REC Power Distribution Company Limited (REC PDCL) has incorporated a new special purpose vehicle (SPV) named Robertsganj Power Transmission Limited. The SPV will be responsible for the Transmission system for evacuation of power from Pumped Storage Projects in Sonbhadra district, Uttar Pradesh. The incorporation took place on May 29, 2025. REC PDCL has been appointed…
PFC Consulting Limited (PFCCL) issued a Request for Proposal (RfP) on May 22, 2025, to select a transmission service provider (TSP) for a new substation in Pune district. The project will follow a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis. Bid submissions are due by July 28, 2025….
Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March…
Power Grid Corporation of India Limited (Powergrid) has issued several key project awards recently, with the latest set totalling over Rs 17 billion. These include notable contracts awarded to KEC International, VIKRAN Engineering, CG Power, and GE Vernova.  KEC International secures Rs 11.33 billion in T&D orders KEC International Limited has bagged fresh orders worth…
The Union Government has approved the Transmission System for Evacuation of Power from Pakaldul Hydroelectric Project (HEP) in the Chenab Valley. The project will be developed by Kishtwar Transmission Limited, a special purpose vehicle (SPV) owned by Sterlite Grid 24 Limited. It will be implemented under the tariff based competitive bidding (TBCB) route on a…
REC Power Distribution Company Limited (REC PDCL) has launched a bidding process to select transmission service providers (TSPs) for two major transmission projects in Karnataka. The bids were invited on April 30, 2025, through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The last date to submit bids is July…