RECPDCL and BSPTCL Sign MoU to Revolutionize Bihar's Power Transmission Infrastructure
Dated 2026-05-23

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REC Power Development & Consultancy Limited (RECPDCL) and Bihar State Power Transmission Company Limited (BSPTCL) have officially signed a landmark Memorandum of Understanding (MoU) to develop intra-state transmission projects through the Tariff Based Competitive Bidding (TBCB) mode. This strategic initiative is set to create a modern, reliable, and future-ready power transmission network capable of supporting Bihar’s rapidly growing energy demands and accelerating industrial expansion.

The high-profile signing ceremony was graced by the Hon’ble Energy Minister, Govt. of Bihar, Shri Shailesh Kumar (alias Bulo Mandal). Also in attendance were key administrative leaders, including Shri Ajay Yadav (IAS), Energy Secretary & CMD of BSPHCL; Shri Prince Dhawan (IAS), Chief Executive Officer of RECPDCL; and Shri Rahul Kumar (IAS), Managing Director of BSPTCL, alongside senior officials from the Energy Department of the Government of Bihar, BSPTCL, and BSPHCL.

Key Objectives of the Partnership

The collaboration is designed to fundamentally upgrade Bihar's power architecture. The core focus areas of the MoU include:

(1) Grid Modernization: Building a resilient, high-tech network to minimize transmission losses and improve power quality.

(2) Transparent Bidding: Leveraging the TBCB mode to ensure cost-effective, competitive, and highly transparent project allocations.

(3) Accelerated Execution: Streamlining timelines to fast-track the implementation of critical transmission projects.

(4) Private Investment: Encouraging greater private sector participation to bring global best practices and robust funding into the state’s power sector.

Hon’ble Energy Minister Shri Shailesh Kumar alias Bulo Mandal highlighted that this initiative will significantly contribute to Bihar’s industrial growth vision for 2025–30 by ensuring reliable and efficient power infrastructure for upcoming industries.

About REC LIMITED

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has been designated as the nodal agency for certain States and Union Territories under the Revamped Distribution Sector Scheme (RDSS). Additionally, the Central Government has entrusted REC with the responsibility of implementing the PM Surya Ghar Muft Bijli Yojana.