The Rajasthan Electricity Regulatory Commission (RERC) has approved the revised investment plan submitted by Rajasthan Rajya Vidyut Prasaran Nigam Ltd. (RVPN) for the financial year 2025-26. Initially, RVPN proposed an investment of ₹5700 crore but later increased it to ₹6050 crore through an interlocutory application citing the inclusion of new schemes announced by the Government of Rajasthan (GoR) in the state budget and other necessary works. The revised plan includes ₹45 crore allocated for State Load Dispatch Centre (SLDC) functions, making RVPN’s effective investment at ₹6005 crore excluding SLDC.
RVPN’s proposals are aimed at strengthening the transmission system, reducing power losses, improving voltage regulation, and addressing the increasing load demand. Several objections and concerns were raised by stakeholders during the public consultation process. These included the lack of supporting documents for funding sources, delays in previously sanctioned works, cost escalations, duplication in transformer augmentation entries, and insufficient data on project progress and outcomes.
A key stakeholder concern was that RVPN failed to provide year-wise phasing of expenditure, cost-benefit analysis, and load flow studies for many schemes. It was also highlighted that certain projects, including the 400 kV Suratgarh TPS–Babai line, were delayed by over a decade, leading to significant cost overruns. The Commission took serious note of this and requested clarity on financial liabilities and scheduled completion timelines.
An additional investment of ₹359 crore has been proposed for newly identified schemes, including some under the Green Energy Corridor-III (GEC-III), supported by expected central government grants and KfW loans. However, stakeholders questioned the feasibility of the funding model and called for upfront equity provisioning. Some schemes were reportedly included without prior approvals from technical committees, raising compliance concerns.
RVPN also confirmed that ₹402.5391 crore equity has been approved by the Government of Rajasthan out of a proposed ₹1160 crore as per the budget announcement on 19.02.2025. This backing lends credibility to the investment plan and indicates government support for the development of the state’s electricity infrastructure.
The Commission acknowledged the delays in transmission line commissioning and transformer replacements. Despite approved investments of ₹2985.26 crore in FY 2024-25, RVPN had only incurred ₹1685.88 crore until February 2024, excluding Interest During Construction (IDC). Deposit works of ₹402.34 crore were also taken up but fell outside the formal investment plan.
The RERC reviewed the objections and RVPN’s responses in detail before passing the order. It emphasized that transparency, accountability, and proper planning should guide RVPN’s investment approach. RVPN has been directed to avoid cost overruns and duplication, to complete pending works within stipulated timelines, and to submit updated technical documents and load flow analyses.
Ultimately, RERC approved the revised total investment plan of ₹6050 crore for FY 2025-26, reflecting the state’s growing focus on robust transmission infrastructure to meet both conventional and renewable power evacuation demands.
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