REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, has successfully handed over two project-specific Special Purpose Vehicles (SPVs) related to intra-state transmission projects in Maharashtra. The handover was completed on January 9, 2026, under the Tariff-Based Competitive Bidding (TBCB) mechanism.
One of the SPVs, Velgaon Power Transmission Limited, was transferred to Ceigall India Limited, which emerged as the successful bidder through the TBCB process conducted by RECPDCL as the Bid Process Coordinator. The transmission project will be developed on a Build, Own, Operate and Transfer (BOOT) basis, with an implementation period of 24 months.
The SPV was formally handed over by Vijay Kulkarni, Senior General Manager and Head of Department (T&D), RECPDCL, to Dr. Sudhir Rao Hoshing, Whole-time Director of Ceigall India Limited, in the presence of senior officials from RECPDCL, Ceigall India Limited and the Maharashtra State Transmission Utility (STU).
The project involves the establishment of a 400/220 kV Velgaon Gas Insulated Substation and the LILO of 400 kV double-circuit and 220 kV double-circuit and single-circuit transmission lines, along with associated works.
On the same day, RECPDCL also handed over Jejuri Hinjewadi Power Transmission Limited to The Tata Power Company Limited, which was selected as the successful bidder through the TBCB process for development of the project on a BOOT basis. The project has an implementation timeline of 24 months.
The SPV was handed over by Vijay Kulkarni to Piyush Kumar, Head BD–T&D (International), Tata Power Company Limited, in the presence of senior officials of RECPDCL, Tata Power and Maharashtra STU.
The project envisages the construction of a 400 kV double-circuit transmission line of approximately 115 km connecting Jejuri to Hinjewadi, along with associated infrastructure.
The successful handover of these two SPVs highlights RECPDCL’s continued role in strengthening transmission infrastructure through a transparent and competitive bidding framework, contributing to reliable and efficient power evacuation within Maharashtra.
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