RECPDCL Hands Over Umred Power Transmission Limited, a SPV of Intra State Transmission Project of Maharashtra, to M/s Maharashtra State Electricity Transmission Company Limited
Dated 2026-02-27

26 February 2026: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle) of InSTS Transmission Project of Maharashtra under TBCB route viz, Umred Power Transmission Limited to the successful bidder i.e. M/s Maharashtra State Electricity Transmission Company Limited on 26^th February 2026.

M/s Maharashtra State Electricity Transmission Company Limited emerged as the successful bidder through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis.

The SPV was handed over by Shri Vijay Kulkarni, Sr. GM & HoD (T&D), RECPDCL to Ms. Vineeta Shriwani, Company Secretary and Sh. Amit Naik, Chief Engineer (TBCB), Maharashtra State Electricity Transmission Company Limited in the presence of Senior Officials of RECPDCL, Maharashtra State Electricity Transmission Company Limited and Maharashtra STU. The implementation period of the project is 24 months.

The scheme broadly covers establishment of 400/220/132 kV Substation at Umred, 220 kV Double Circuit line of around 51 km from Umred (New) to Add. Buttibori (Proposed), 132 kV Double Circuit line of around 38 km from Kolari (existing) to Umred (New) and LILO of different lines at 400/220/132 kV, along with other associated works.

About RECPDCL: REC Power Development and Consultancy Limited, RECPDCL, a wholly owned subsidiary of REC Limited, has been providing knowledge-based consultancy and expert project implementation services to several State power distribution companies/Power Departments of States. RECPDCL has also been implementing transmission projects in UTs of J&K and Ladakh.

RECPDCL has also been acting as Bid Process Coordinator (BPC) for Inter-state as well as Intrastate transmission projects and RE-Bundling projects implemented through Tariff Based Competitive Bidding (TBCB). RECPDCL with its expert consulting, project implementation and transaction advisory services is thus playing a key role across the power sector value chain of the country.

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.