REC Expands Transmission Network: SR WR Power Transmission Incorporated as New Subsidiary for Southern-Western Grid Integration

REC Limited, through its wholly owned arm REC Power Development and Consultancy Limited (RECPDCL), has announced the incorporation of SR WR Power Transmission Limited as a subsidiary, marking a significant step in strengthening India’s inter-regional electricity grid. This move is part of REC’s strategic focus on enabling robust transmission infrastructure to support the nation’s growing energy demands and renewable integration.

 

Key Highlights:

 

Strategic Incorporation: SR WR Power Transmission Limited has been established as a Special Purpose Vehicle (SPV) under RECPDCL. The new entity will be pivotal in developing an interstate transmission system to connect the Southern Region (SR) and Western Region (WR) grids, enhancing power flow and reliability across regions.

 

Project Scope: The transmission project will involve constructing a 765 kV double circuit line between Parli New (Maharashtra) and Bidar (Karnataka), installation of 240 MVAr switchable line reactors, and necessary bay extensions. This is designed to facilitate the integration of renewable energy and support the anticipated peak demand growth in southern India, projected to reach 120 GW by 2029-30.

 

Tariff-Based Competitive Bidding: The project will be awarded to a successful bidder through a transparent tariff-based competitive bidding process. Upon completion of the bidding, 100% equity in the SPV will be transferred to the selected Transmission Service Provider, who will operate and maintain the assets for 35 years before handing them over to the Central Transmission Utility.

 

Renewable Energy Focus: The new transmission link will enable efficient transfer of power, including green hydrogen and renewable energy from Bidar’s 2.5 GW pool, supporting India’s clean energy goals.

 

Sources: PSU Watch, SolarQuarter, Capital Market