RECPDCL Hands Over Two Intra-State Transmission Project SPVs in Maharashtra to Ceigall India Limited and The Tata Power Company Limited
Dated 2026-01-10

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of the Ministry of Power, has successfully handed over two project-specific Special Purpose Vehicles (SPVs) pertaining to Intra-State Transmission Projects in the State of Maharashtra under the Tariff-Based Competitive Bidding (TBCB) route on 09th January 2026.

Velgaon Power Transmission Limited

RECPDCL handed over Velgaon Power Transmission Limited, an SPV formed for an Intra-State Transmission Project of Maharashtra, to M/s Ceigall India Limited. Ceigall India Limited emerged as the successful bidder through the TBCB process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis.

The SPV was formally handed over by Shri Vijay Kulkarni, Senior General Manager & Head of Department (T&D), RECPDCL, to Dr. Sudhir Rao Hoshing, Whole-time Director, Ceigall India Limited, in the presence of senior officials of RECPDCL, Ceigall India Limited and Maharashtra STU. The implementation period of the project is 24 months.

The project broadly covers the establishment of a 400/220 kV Velgaon Substation (GIS) and LILO of 400 kV Double Circuit and 220 kV Double Circuit & Single Circuit lines at Velgaon Substation, along with other associated works.

Jejuri Hinjewadi Power Transmission Limited

On the same day, RECPDCL also handed over Jejuri Hinjewadi Power Transmission Limited, another SPV for an Intra-State Transmission Project of Maharashtra, to M/s The Tata Power Company Limited. The Tata Power Company Limited was selected as the successful bidder through the TBCB process conducted by RECPDCL for development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis.

The SPV was handed over by Shri Vijay Kulkarni, Senior General Manager & Head of Department (T&D), RECPDCL, to Shri Piyush Kumar, Head BD–T&D (International), The Tata Power Company Limited, in the presence of senior officials of RECPDCL, The Tata Power Company Limited and Maharashtra STU. The implementation period of this project is also 24 months.

The scheme envisages the establishment of a 400 kV Double Circuit transmission line of approximately 115 km from Jejuri (existing) to Hinjewadi, along with other associated works.

The successful handover of these two SPVs underscores RECPDCL’s continued role as a leading Bid Process Coordinator in strengthening the transmission infrastructure of the country through transparent and competitive bidding, thereby facilitating reliable and efficient power evacuation within the State of Maharashtra.

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.