Pachora Power Transmission SPV: Key Step Towards Renewable Energy Evacuation in Madhya Pradesh by RECPDCL

In a major development in the renewable energy sector, REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has successfully transferred a project-specific Special Purpose Vehicle (SPV) to M/s G R Infraprojects Private Limited. The SPV, known as Pachora Power Transmission Limited, was created to oversee the establishment of an Inter State Transmission Project aimed at evacuating power from RE Projects in Rajgarh SEZ Phase II, with a capacity of 1000 MW, located in Madhya Pradesh. This initiative was executed through a Tariff-based Competitive Bidding process.

The handover ceremony took place in the presence of senior officials from RECPDCL, along with representatives from the Central Transmission Utility of India Limited (CTUIL) and other key stakeholders. The successful transfer signifies a significant milestone in the progress of renewable energy infrastructure in the country.

Speaking on the occasion, CEO of RECPDCL, Shri Rajesh Kumar, highlighted the organization’s commitment to supporting the growth of renewable power reforms in alignment with the visionary directives of the Power Minister and Power Secretary. He emphasized the importance of Tariff-based Competitive Bidding in facilitating the development of transmission systems for the evacuation of renewable energy, thereby contributing to meeting the nation’s increasing electricity demand. RECPDCL takes pride in its role as a Bid Process Coordinator, facilitating the award of projects through the TBCB route.

This milestone underscores the collaborative efforts of various stakeholders in advancing India’s renewable energy objectives and marks a significant step forward in the nation’s transition towards sustainable power generation and transmission.