REC Power Development and Consultancy Limited (RECPDCL) has transferred the entire shareholding of two project-specific Special Purpose Vehicles (SPVs) to its successful bidders on 12 October 2026. The transactions involve entities established to develop inter-state transmission systems linked to renewable energy evacuation projects in Gujarat. REC Subsidiary Completes Transfer of Two SPVs RECPDCL transferred Jam […]
Power Grid Corporation of India Limited (POWERGRID) has fully commissioned its transmission project to evacuate power from Rajasthan’s Renewable Energy Zones (REZ), with a capacity of 20 GW, under Phase-III Part-C1. The state-owned transmission utility confirmed the development in a regulatory filing dated October 11, 2026. The project, titled “Transmission System for Evacuation of Power […]
Power Grid Corporation of India Limited (POWERGRID) has acquired Barmer HVDC Power Transmission Limited for about ₹18.98 crore. The acquisition gives POWERGRID 100% ownership of the project special purpose vehicle (SPV). POWERGRID completed the acquisition on September 23, 2026. It emerged as the successful bidder for the project under the Tariff Based Competitive Bidding (TBCB) […]
POWERGRID Transmission continued to maintain high network reliability, with average transmission system availability of more than 99.81%. The company operates 292 substations and more than 1,86,889 circuit kilometres (ckm) of transmission lines across India. POWERGRID Corporation of India Limited highlighted these operational achievements during its 37th Annual General Meeting (AGM) held virtually on August 20, […]
